Why is GMR Airports falling/rising?

As of 08-Sep, GMR Airports Ltd is currently priced at 86.27, reflecting a slight increase of 0.14 or 0.16%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it has underperformed in the short term, with a 1-week return of -1.00% and a 1-month return of -3.18%. Despite this, the stock has performed well year-to-date with a return of +9.77%. Positive factors contributing to the recent price movement include strong results reported on June 25, with the highest return on capital employed (ROCE) at 6.89% and a significant growth in net sales by 33.43%. However, the company also faces challenges such as a negative book value and high debt levels, which may weigh on long-term investor sentiment.
In the broader market context, the Sensex has shown a positive return of +0.53% over the past week and +1.16% over the past month, indicating that GMR Airports' short-term performance is lagging behind the benchmark. The stock's liquidity remains adequate, but there has been a notable decline in investor participation, with delivery volume falling by 13.45% against the 5-day average. High institutional holdings at 20.19% suggest some confidence from larger investors, yet the overall weak long-term fundamentals and the company's high debt levels present risks that could impact future performance.