Why is Indiabulls Enter falling/rising?

As of 25-Jul, Indiabulls Enterprises Ltd is experiencing a decline in its stock price, currently at 17.49, which reflects a decrease of 0.41 or 2.29%. The stock has underperformed its sector by 0.48% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 5.87%, and over the last month, it has seen a significant decline of 29.33%. Despite a strong yearly performance with a return of 76.13%, the company is facing challenges, including a negative book value and a high Debt to EBITDA ratio of 6.38 times, which raises concerns about its long-term viability. The recent quarterly profit after tax has also fallen drastically, indicating deteriorating financial health.
In the broader market context, the stock's performance contrasts sharply with the benchmark Sensex, which has only declined by 0.36% over the past week and 1.56% over the past month. While the stock has outperformed the market over the past year, the recent trends suggest a troubling outlook, particularly with a negative EBITDA and a low ability to service debt. The falling investor participation, as evidenced by a 23.31% drop in delivery volume compared to the 5-day average, further underscores the market's lack of confidence in the company's future prospects. Overall, these factors contribute to the stock's current downward trajectory.