Why is GMR Airports falling/rising?

As of 29-Jul, GMR Airports Ltd is currently priced at 90.20, reflecting an increase of 0.54 or 0.6%. The stock has shown a trend reversal by gaining after two consecutive days of decline. Despite this uptick, it has underperformed its sector by 0.95%. Over the past week, the stock has decreased by 1.84%, but it has performed well over the past month with a gain of 6.47%. The stock's performance year-to-date is strong at 14.77%, although it has declined by 7.22% over the past year. The company has high institutional holdings at 20.19%, which have increased by 0.97% over the previous quarter, indicating a level of confidence from larger investors. However, the company faces challenges with a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength.
In the broader market context, GMR Airports Ltd's recent performance contrasts with the Sensex, which has declined by 1.03% over the past week and 3.24% over the past month. This indicates that while the stock has experienced short-term volatility, it has outperformed the benchmark in the longer term, particularly over three years with a return of 140.21% compared to the Sensex's 41.28%. The stock's liquidity is adequate, with a delivery volume increase of 18.73% against the five-day average, suggesting rising investor participation despite the underlying risks associated with its financial health.