Why is Noida Tollbridg. falling/rising?

As of 28-Jul, Noida Toll Bridge Company Ltd is experiencing a decline in its stock price, currently at 3.65, reflecting a decrease of 0.2 or 5.19%. The stock has underperformed significantly, with a consecutive fall over the last three days resulting in a total decline of 11.62%. It is trading below all key moving averages, indicating a bearish trend. Furthermore, the stock has shown a substantial drop in performance over various periods, including a year-to-date decline of 73.20% and a one-year drop of 70.68%. Despite declaring positive results in the last four quarters, including a notable growth in net sales, the company faces challenges such as a negative book value and weak long-term fundamental strength, which contribute to its current price movement.
In the broader market context, Noida Toll Bridge Company Ltd has underperformed the benchmark index, with a one-week return of -12.05% compared to the Sensex's -1.59%. This stark contrast highlights the stock's struggles relative to the overall market, which has shown a modest decline. The company's weak ability to service its debt, coupled with a poor EBIT to interest ratio, raises concerns about its financial health, further exacerbating investor sentiment. Overall, the combination of negative operating profits and significant underperformance against the market has led to a lack of investor confidence, contributing to the stock's downward trajectory.