Why is GMR Airports falling/rising?

As of 02-Sep, GMR Airports Ltd is experiencing a decline in its stock price, currently at 87.00, reflecting a decrease of 0.14 (-0.16%). The stock has underperformed its sector today by 0.44%, and while it is trading above its 200-day moving average, it is below the 5-day, 20-day, 50-day, and 100-day moving averages. Over the past week, the stock has decreased by 1.83%, and over the past month, it has fallen by 2.65%. Despite a year-to-date increase of 10.70%, the stock has shown a negative return of 6.88% over the past year. Positive factors include strong quarterly results with a significant increase in net sales and high institutional holdings, which suggest confidence from larger investors. However, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its current price decline.
In the broader market context, GMR Airports Ltd has underperformed compared to the Sensex, which has seen a decline of 0.78% over the past week and 0.55% over the past month. The stock's recent performance indicates a struggle against both sector trends and broader market conditions, despite its strong year-to-date performance. The high institutional ownership may provide some support, but the overall negative sentiment surrounding its long-term fundamentals and high debt levels could be weighing on investor confidence, leading to the current downward movement in stock price.