Why is Global Vectra falling/rising?

As of 28-Aug, Global Vectra Helicorp Ltd's stock is currently priced at Rs 206.95, reflecting a decline of Rs 3.05 or 1.45%. The stock has been underperforming recently, with a consecutive fall over the last two days, resulting in a total drop of 3.25%. It opened the day with a loss of 2.52% and reached an intraday low of Rs 204.7. Over the past week, the stock has decreased by 2.89%, and its year-to-date performance shows a significant decline of 24.72%. The company is also trading below all its moving averages, indicating a bearish trend. Additionally, the financial health of Global Vectra is concerning, with a high debt-equity ratio of 36.14 times and negative operating profits, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has seen a decline of only 2.34% over the past week. While the airline sector has faced a downturn of 5.29%, Global Vectra's performance is notably worse, reflecting its struggles with high debt and poor earnings results. The company reported a significant drop in profit before tax and net profit, leading to a negative sentiment among investors. Despite a rise in delivery volume, the overall market conditions and the company's financial difficulties suggest that the stock's recent decline is likely to continue.