Why is Premier falling/rising?

As of 29-Jul, Premier Ltd's stock is currently priced at 3.63, reflecting a decline of 0.17, or 4.47%. The stock has underperformed its sector by 5.52% today and has experienced a consecutive fall over the last two days, resulting in a total decline of 9.02% during this period. Over the past week, the stock has decreased by 6.92%, and its performance over the last month shows a decline of 4.47%. Despite a year-to-date increase of 15.97%, the stock has faced significant challenges, including a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of -100.00% and a high debt-to-equity ratio. The recent negative financial results, including the lowest recorded ROCE and PBDIT, further contribute to the stock's downward movement.
In the broader market context, Premier Ltd has underperformed compared to the benchmark, with a one-year return of -26.96% against the BSE500's -2.26%. This stark contrast highlights the stock's struggles relative to the market, particularly given its weak long-term growth prospects and negative EBITDA. While there has been a rise in investor participation, as indicated by an increase in delivery volume, the overall sentiment remains cautious due to the company's financial instability and high debt levels.