Why is Galaxy Cloud falling/rising?

As of 29-Jul, Galaxy Cloud Kitchens Ltd is experiencing a decline in its stock price, currently at Rs 21.54, which reflects a decrease of Rs 1.13 or 4.98%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last 11 days, resulting in a significant drop of 47.06% during this period. Despite opening with a gain of 3.84% today and reaching an intraday high of Rs 23.54, the stock ultimately closed lower. Over the past week, Galaxy Cloud has underperformed the sector by 9.41%, and its returns over the past month and year have been notably poor, with declines of 50.61% and 52.66%, respectively. The company's recent financial performance shows strong growth in net sales and profits, but it is overshadowed by a negative book value and high debt levels, indicating weak long-term fundamentals.
In the broader market context, the stock's performance has been significantly worse than the benchmark, with a one-year return of -52.66% compared to the BSE500's decline of only -2.26%. This stark contrast highlights the stock's underperformance relative to the market. While the film production, distribution, and entertainment sector has gained by 3.62%, Galaxy Cloud's struggles continue to weigh down its stock price. The high debt-to-equity ratio and negative book value contribute to the perception of risk among investors, further exacerbating the stock's decline despite recent positive sales growth.