Why is Indiabulls Enter falling/rising?

As of 23-Jun, Indiabulls Enterprises Ltd is experiencing a decline in its stock price, currently at Rs. 25.20, which reflects a decrease of Rs. 0.32 or 1.25%. Despite this recent drop, the stock has shown strong performance over the past year, with a remarkable return of 99.05%, significantly outpacing the market's average return of 2.78%. Today, the stock reached a new 52-week high of Rs. 26.79 but has since fallen after four consecutive days of gains. Additionally, the stock is trading above its moving averages, indicating a generally positive trend. However, concerns about the company's financial health, including a negative book value and high debt levels, have raised red flags for investors, contributing to the current price decline.
In the broader market context, Indiabulls Enterprises Ltd has outperformed the Sensex over the past week and month, with returns of 20.75% and 38.69%, respectively, compared to the Sensex's minimal gains of 0.12% and 0.22%. This strong short-term performance contrasts with the stock's recent price drop, which may be influenced by decreasing promoter confidence, as they have reduced their stake by 7.56%. The company's weak long-term fundamentals, highlighted by significant losses and a high Debt to EBITDA ratio, further complicate its outlook, leading to a cautious sentiment among investors despite its impressive historical returns.