Why is GMR Airports falling/rising?

As of 17-Sep, GMR Airports Ltd is currently priced at 91.90, reflecting a decrease of 0.95, or 1.02%. The stock has recently underperformed its sector by 1.39% and has experienced a trend reversal, falling after seven consecutive days of gains. Despite this decline, GMR Airports has shown strong performance over the longer term, with a year-to-date return of 16.94% compared to the Sensex's 5.83%. However, the stock's delivery volume has significantly decreased by 61.72% against the five-day average, indicating falling investor participation. Additionally, while the company has reported positive results such as a high return on capital employed and substantial net sales growth, it also faces challenges due to a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, GMR Airports' short-term performance has been notably stronger than the benchmark, with a one-week return of 5.49% compared to the Sensex's 1.56%. This indicates that while the stock is currently facing a decline, it has outperformed the market recently. However, the overall market sentiment may be influenced by the company's high debt-to-equity ratio and declining profits over the past year, which could lead to increased caution among investors. The combination of strong institutional holdings and recent positive financial metrics may provide some support, but the underlying risks associated with the company's financial health are likely weighing on its stock price.