Why is Indiabulls Enter falling/rising?

As of 22-Jul, Indiabulls Enterprises Ltd is experiencing a decline in its stock price, currently at 17.80, reflecting a decrease of 0.35 or 1.93%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total drop of 6.12% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 4.51%, and over the last month, it has seen a significant decline of 30.25%. Despite a strong performance over the past year with a return of 65.43%, the company is facing challenges such as a negative book value, high debt levels, and a substantial quarterly loss of Rs -119.33 crore, which raises concerns about its long-term viability.
In the broader market context, the Sensex has only decreased by 0.47% over the past week, indicating that Indiabulls Enterprises Ltd's short-term performance is significantly worse than the benchmark. The stock's recent struggles are compounded by a reduction in promoter confidence, as they have decreased their stake by 7.56%, which may signal doubts about the company's future prospects. While there has been an increase in investor participation, as evidenced by a 25.28% rise in delivery volume, the overall negative financial indicators and the company's weak fundamentals suggest a challenging environment for the stock moving forward.