Why is Essar Shipping falling/rising?

As of 05-Sep, Essar Shipping Ltd's stock price is currently at 24.85, reflecting a decrease of 0.14 or 0.56%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days with a total decline of 1.62% in this period. Despite a recent inline performance with its sector and a notable increase in delivery volume by 54.3% against the 5-day average, the stock's longer-term performance remains concerning. Over the past year, it has underperformed significantly with a return of -44.37%, while the broader market has only declined by 1.81%. The company has reported positive results for the last four consecutive quarters, but it also faces challenges such as a negative book value and a high debt-to-EBITDA ratio of 9.32 times, indicating weak long-term fundamental strength. In the broader market context, while Essar Shipping has shown a short-term return of +6.42% over the past week, this is contrasted by its substantial year-to-date decline of -29.62%. The stock's performance is notably weaker compared to the benchmark, which has remained flat over the past month. The low stake held by domestic mutual funds, at only 0.03%, suggests a lack of confidence in the company's valuation or business prospects. Overall, despite some positive quarterly results, the combination of high debt, negative net worth, and significant underperformance relative to the market indicates a challenging environment for Essar Shipping, contributing to its current price decline.