Why is Essar Shipping falling/rising?

As of 11-Aug, Essar Shipping Ltd's stock price is currently at 25.55, reflecting a decrease of 0.14, or 0.54%. The stock has underperformed its sector by 1.48% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.92%, and it has experienced a significant drop of 27.64% year-to-date, alongside a staggering 46.45% decline over the past year. Despite reporting positive results for the last three consecutive quarters, including a remarkable growth in PAT, the company is facing challenges such as a negative book value and a high debt-to-EBITDA ratio of 9.32 times, which raises concerns about its long-term fundamental strength and ability to service debt. In the broader market context, while the Sensex has shown a slight decline of 0.51% over the past week, Essar Shipping's performance has been notably worse, indicating a significant underperformance relative to the benchmark. The stock's liquidity is also a concern, with a delivery volume that has fallen by 74.52% compared to the 5-day average, suggesting reduced investor participation. Furthermore, the minimal stake held by domestic mutual funds, at only 0.03%, may reflect a lack of confidence in the company's valuation or business prospects. Overall, the combination of poor stock performance, high debt levels, and weak investor sentiment contributes to the ongoing decline in Essar Shipping's stock price.