Why is Emerald Leisures falling/rising?

As of 01-Aug, Emerald Leisures Ltd is experiencing a decline in its stock price, currently at 233.05, which reflects a decrease of 6.95 or 2.9%. The stock has underperformed its sector by 4.28% today and has been on a downward trend, losing 4.88% over the last two days. It opened with a loss of 3.29% and reached an intraday low of Rs 232.1. Over the past week, the stock has seen a significant decline of 10.00%, while its performance over the last year shows a steep drop of 26.10%. The company is facing challenges, including a negative book value and weak long-term growth, with net sales growing at an annual rate of only 2.56% and operating profit stagnating at 0% over the last five years. Additionally, the stock's high debt levels and low return on capital employed (ROCE) at 4.00% contribute to its risky profile.
In the broader market context, the stock's performance has been notably worse than the benchmark, with the Sensex declining only 1.06% over the past week and 1.55% over the past year. While the market has generated negative returns of 4.13% in the last year, Emerald Leisures' decline of 26.10% indicates a significant underperformance. The falling investor participation, evidenced by a 90.3% drop in delivery volume, further exacerbates the stock's situation, indicating a lack of confidence among investors. Overall, the combination of poor financial fundamentals, high debt, and significant underperformance relative to the market contributes to the stock's current downward trajectory.