Why is Mcleod Russel falling/rising?

As of 16-Sep, Mcleod Russel India Ltd's stock price is currently at 37.30, reflecting a decrease of 0.79 or 2.07%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.12%. Although the stock has shown a strong performance over the past year with a return of 43.46%, it has a high Debt-Equity Ratio of 33.42 times, indicating weak long-term fundamental strength. The company has reported losses, with a negative Return on Equity (ROE) and a high Debt to EBITDA ratio of 28.74 times, which raises concerns about its ability to service debt. Additionally, the flat results reported for June 25, including a significant loss in profit before tax and profit after tax, further contribute to the stock's negative sentiment.
In the broader market context, Mcleod Russel's short-term performance has lagged behind the benchmark, with a 1-week return of 1.06% compared to the Sensex's 1.58%. The stock has also underperformed its sector by 1.43% today. Despite a rise in investor participation, as indicated by a 30.53% increase in delivery volume, the overall market has generated negative returns of -2.93% over the past year, which contrasts with the stock's strong yearly performance. However, the high debt levels and negative operating profits present significant risks that may be influencing investor sentiment and contributing to the stock's recent decline.