Why is Indiabulls Enter falling/rising?

As of 30-Jul, Indiabulls Enterprises Ltd is experiencing a decline in its stock price, currently at 17.43, which reflects a decrease of 0.09 or 0.51%. The stock has underperformed its sector by 3.19% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has gained slightly by 0.17%, but it has significantly underperformed over the past month with a drop of 22.53%. Despite a strong annual return of 60.06%, the company is facing serious 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 negative financial results, including the lowest recorded ROCE and net sales, further contribute to the stock's downward pressure.
In the broader market context, the Sensex has declined by 1.50% over the past week, indicating that while Indiabulls Enterprises Ltd has outperformed the benchmark slightly in the short term, it remains vulnerable due to its weak fundamentals. The capital goods sector has gained by 2.59%, contrasting with Indiabulls' performance, which suggests that investor sentiment is shifting away from this stock. The significant increase in delivery volume by 705.22% against the 5-day average indicates rising investor participation, but the overall liquidity remains low, which may limit trading activity. Overall, the combination of poor financial health and negative market sentiment is contributing to the stock's current decline.