Why is Energy Devl.Co. falling/rising?

As of 13-Jun, Energy Development Company Ltd is experiencing a decline in its stock price, currently at Rs 26.40, which reflects a decrease of Rs 1.5 or 5.38%. Today's price summary indicates that the stock has underperformed its sector by 4.51% and has fallen after four consecutive days of gains. It opened with a loss of 2.19% and reached an intraday low of Rs 25.12, marking a significant drop of 9.96%. Despite a strong performance over the past year, with a return of 15.18%, the company faces challenges such as high debt levels and poor long-term growth, which have contributed to its recent price decline.
In the broader market context, the stock's short-term performance has been notably strong, with a 37.07% increase over the past week, while the benchmark Sensex has only decreased by 1.30%. However, the company's high debt-to-equity ratio of 32.9 times and weak ability to service this debt, as indicated by a debt-to-EBITDA ratio of 7.01 times, raises concerns about its long-term viability. Additionally, negative financial results, including a significant drop in profit after tax and operating profit, further exacerbate investor apprehension, leading to the current downward trend in the stock price.