Why is GMR Airports falling/rising?

As of 29-Aug, GMR Airports Ltd's stock price is currently at 86.02, reflecting a decline of 0.4, or 0.46%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 3.93% over the past week. Despite this recent downturn, the company has shown positive performance year-to-date with a gain of 9.45%. However, the stock's long-term fundamentals are concerning, as it has a negative book value and a high debt-to-equity ratio of 2.56 times. While the company reported strong quarterly results, including a significant increase in net sales and high institutional holdings, these positive factors are overshadowed by poor long-term growth metrics, including a decline in profits over the past year.
In the broader market context, GMR Airports Ltd's short-term performance has been worse than the benchmark, with the Sensex declining only 1.84% over the same week. This underperformance indicates that while the overall market is facing challenges, GMR Airports is struggling even more significantly. The stock's liquidity appears adequate, with rising delivery volumes suggesting some investor interest, but the overall sentiment remains negative due to the company's weak long-term fundamentals and high debt levels. This combination of factors contributes to the stock's current downward trajectory.