Why is Eraaya Lifespace falling/rising?

As of 18-Jul, Eraaya Lifespaces Ltd is experiencing a decline in its stock price, currently at 50.91, which represents a decrease of 1.03 or 1.98%. The stock has underperformed its sector by 1.75% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.86% during this period. Despite a positive return of 10.55% over the past month, the company has faced significant challenges, including an operating loss and a high debt-to-EBITDA ratio of -1.00 times. The company has also reported negative net sales growth of -87.83% and has declared poor financial results for the last two consecutive quarters, contributing to a weak long-term fundamental strength.
In the broader market context, while the stock has shown a positive return of 0.81% over the past week, the benchmark Sensex has declined by 0.90% during the same period. However, the stock's year-to-date performance is notably poor, with a decline of 58.22%, contrasting sharply with the Sensex's gain of 4.63%. The stock's liquidity appears sufficient for trading, but falling investor participation, as indicated by a 74.21% drop in delivery volume, raises concerns about market confidence. Overall, the combination of weak financial performance, high institutional holdings, and a significant underperformance relative to the market contributes to the stock's current downward trajectory.