Why is Essar Shipping falling/rising?

As of 11-Sep, Essar Shipping Ltd's stock price is currently at 24.43, reflecting an increase of 0.18 or 0.74%. The stock has been gaining for the last two days, with a total return of 2.6% during this period. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weaker performance relative to its historical price trends. Despite the company declaring positive results for the last four consecutive quarters, including a significant growth in profit after tax, it faces challenges such as a negative book value and a high debt-to-EBITDA ratio, which contribute to its weak long-term fundamental strength. This situation raises concerns among investors, as the company has reported losses and has a negative net worth, suggesting that it may need to raise fresh capital or generate profits to sustain itself. In the broader market context, Essar Shipping has underperformed significantly compared to the benchmark, with a one-year return of -43.71% against the Sensex's minimal change of +0.03%. Over the past week, the stock has declined by 2.24%, while the benchmark has gained 1.03%. This stark contrast highlights the stock's struggles in attracting investor confidence, as evidenced by the low participation from domestic mutual funds, which hold only 0.03% of the company. The overall market has shown some resilience, but Essar Shipping's performance continues to reflect its underlying financial difficulties and investor apprehension.