Why is Mcleod Russel falling/rising?

As of 26-Sep, Mcleod Russel India Ltd's stock price is currently at 37.97, reflecting a decline of 0.79, or 2.04%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 5.38% during this period. Despite a positive performance over the past year with a return of 39.39%, the company is facing significant challenges, including a high debt-equity ratio of 33.42 times and negative operating profits. The recent financial results have shown losses, with a reported PAT of Rs -43.48 crore, contributing to a negative return on equity. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 33.39% compared to the five-day average.
In the broader market context, Mcleod Russel's short-term performance contrasts with the benchmark, as it has outperformed the Sensex over the past week with a gain of 1.12%, while the Sensex has declined by 2.66%. However, the stock's year-to-date performance is concerning, showing a decline of 13.78% compared to a positive return of 2.93% for the Sensex. This divergence indicates that while the stock has had periods of strong performance, the current financial instability and high debt levels are weighing heavily on its price, leading to its recent decline.