Why is GMR Airports falling/rising?

As of 26-Aug, GMR Airports Ltd is experiencing a decline in its stock price, currently at 88.62, reflecting a decrease of 0.18 or 0.2%. The stock has been under pressure, having fallen consecutively for the last two days, resulting in a total return of -1.03% during this period. Despite this recent downturn, the stock has shown strong performance year-to-date with a gain of 12.76%. Positive factors contributing to its performance include a high return on capital employed (ROCE) at 6.89% and significant growth in net sales, which increased by 33.43%. However, the company faces challenges due to a negative book value and high debt levels, which could undermine long-term growth prospects.
In the broader market context, GMR Airports Ltd's short-term performance has lagged behind the benchmark, with a weekly return of -2.00% compared to the Sensex's decline of only -1.05%. This underperformance may be attributed to the company's weak long-term fundamentals, as indicated by a debt-to-equity ratio of 2.56 and declining profits over the past year. While institutional holdings are relatively high at 20.19%, suggesting confidence from larger investors, the overall risk associated with the company's financial health may be contributing to the stock's current downward trend.