Why is GMR Airports falling/rising?

As of 11-Jul, GMR Airports Ltd is experiencing a decline in its stock price, currently at Rs 90.48, which reflects a decrease of Rs 1.77 or 1.92%. The stock has underperformed its sector by 0.67% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.5%. Despite some positive returns over longer periods, such as a 7.17% increase over the past month and a significant 156.68% rise over the last three years, the stock has faced challenges, including a negative book value and weak long-term fundamentals. The company's net sales and operating profit have shown minimal growth, and it is burdened with a high debt-to-equity ratio, which raises concerns among investors.
In the broader market context, GMR Airports Ltd's recent performance contrasts with the benchmark Sensex, which has declined by 1.12% over the past week. While the stock has shown resilience in the long term, its recent underperformance and falling investor participation, evidenced by a 60.28% drop in delivery volume, indicate a lack of confidence among traders. The company's financial struggles, including a significant loss in profit after tax and a high debt-to-equity ratio, contribute to its current risk profile, making it less attractive to potential investors in the short term.