Why is IL&FS Engg. falling/rising?

As of 18-Aug, IL&FS Engineering & Construction Co Ltd is experiencing a decline in its stock price, currently at 33.31, reflecting a decrease of 0.15 or 0.45%. The stock has been losing value for the last two days, with a total drop of 3.45% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also shown poor performance over the past week and month, with returns of -1.89% and -9.36%, respectively, while the benchmark Sensex has gained 0.83% and lost only 0.59% in the same periods. Additionally, the company has a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -8.83% and operating profit stagnating at 0% over the last five years.
Broader market context shows that while the stock has underperformed significantly year-to-date with a decline of 22.71%, the Sensex has risen by 4.01% in the same timeframe. This stark contrast highlights the stock's struggles against the broader market. The company's high debt levels, reflected in a debt-to-equity ratio of 0 times, and negative earnings before interest, taxes, depreciation, and amortization (EBITDA) further contribute to its risk profile, making it a strong sell. Despite a notable increase in investor participation, as evidenced by a 318.11% rise in delivery volume, the overall sentiment remains negative due to the company's financial challenges and recent poor performance.