Why is NB Footwear falling/rising?

As of 19-Sep, NB Footwear Ltd. is currently priced at 10.35, showing no change (0.00%) from the previous trading session. The stock has demonstrated erratic trading patterns, having not traded on three days out of the last twenty. Despite outperforming its sector by 1.47% today, the stock's performance over the past week has been negative, with a decline of 0.86%. Over the last year, the stock has significantly underperformed, with a return of -28.57% compared to the broader market's decline of only -0.67%. The company's financial health is concerning, as it has a negative book value and high debt levels, which contribute to its weak long-term fundamentals. Additionally, the promoters have reduced their stake in the company, indicating a lack of confidence in its future prospects.
In the broader market context, while the Sensex has shown a positive return of 0.88% over the past week, NB Footwear's performance has been lackluster, highlighting its struggles relative to the market. The stock's year-to-date performance is particularly alarming, with a decline of 36.27%, contrasting sharply with the Sensex's gain of 5.74%. This disparity suggests that investor sentiment towards NB Footwear is cautious, compounded by its negative EBITDA and poor sales growth. The rising investor participation, as indicated by a significant increase in delivery volume, may not be enough to offset the underlying issues affecting the company's valuation and long-term growth potential.