Why is Energy Devl.Co. falling/rising?

As of 24-Sep, Energy Development Company Ltd is experiencing a decline in its stock price, currently at 19.86, which reflects a decrease of 0.34 or 1.68%. The stock has underperformed against the sector, despite a slight outperformance today by 0.55%. However, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 2.36%, and its year-to-date performance shows a significant decline of 28.28%. While the company has reported substantial growth in profit before tax, profit after tax, and net sales, these positive factors are overshadowed by a drastic fall in profits over the past year and a high debt-to-equity ratio, which raises concerns about its long-term financial health.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a slight gain of 4.58% year-to-date. The energy sector, specifically power generation and distribution, has also faced a decline of 2.18%. This underperformance against both the benchmark and sector highlights the challenges Energy Development Company Ltd is facing, including weak long-term growth and high debt levels. The consistent underperformance over the last three years further exacerbates investor concerns, leading to a negative sentiment surrounding the stock.