Why is GMR Airports falling/rising?

As of 21-Jul, GMR Airports Ltd is currently priced at 93.49, reflecting a decrease of 0.79, or 0.84%. The stock has been underperforming recently, having fallen for the last two days with a total decline of 1.13%. Despite this, GMR Airports has shown strong performance over the past month, with a return of 15.39%, and has consistently outperformed the BSE500 over the last three years. However, the company faces challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, while the stock has generated a modest return of 1.75% over the past year, its profits have decreased significantly by 30.9%, indicating underlying issues that may be affecting investor sentiment.
In the broader market context, GMR Airports has outperformed the Sensex in the short term, with a 1-week return of 2.17% compared to the benchmark's slight decline of 0.06%. This suggests that, despite recent price drops, the stock has been relatively resilient compared to the overall market. The rising investor participation, as evidenced by a 20.53% increase in delivery volume, indicates continued interest in the stock, which may help stabilize its price. However, the company's high debt-to-equity ratio and flat financial results, including a significant drop in profit after tax, present risks that could weigh on future performance.