Why is Quadrant Tele. falling/rising?

As of 22-Sep, Quadrant Televentures Ltd is experiencing a decline in its stock price, currently at 0.38, which reflects a decrease of 0.02 or 5.0%. The stock has underperformed its sector today by 5.09%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 13.64%, and its year-to-date performance shows a staggering decline of 69.60%. The company is facing challenges such as a negative book value, high debt levels, and poor long-term growth, with net sales declining at an annual rate of 11.93%. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 8.5% in the last quarter, indicating a lack of faith in the company's future prospects.
In the broader market context, the Sensex has shown a slight increase of 0.46% over the past week, contrasting sharply with Quadrant Televentures' significant decline. This disparity highlights the stock's underperformance relative to the market. The company's liquidity remains adequate for trading, but the falling investor participation, evidenced by a 23.94% drop in delivery volume compared to the 5-day average, suggests a lack of interest from investors. Overall, the combination of weak financial fundamentals, declining promoter confidence, and poor recent performance relative to the benchmark contributes to the stock's downward trajectory.