Why is Sharp India falling/rising?

As of 10-Jul, Sharp India Ltd's stock price is currently at Rs 50.40, reflecting a decline of Rs 1.5 or 2.89%. The stock has been underperforming significantly, with a consecutive fall over the last five days, resulting in a total return of -14.84% during this period. Today's performance indicates that the stock has underperformed its sector by 2.57%. It reached an intraday high of Rs 54 but also touched a low of Rs 49.37, with trading volume skewed towards the lower price. The stock is trading below all key moving averages, and there has been a notable decrease in investor participation, as evidenced by a 9.82% drop in delivery volume compared to the five-day average. The company's negative book value and high debt levels further contribute to its weak long-term fundamentals, which have been reflected in a poor growth trajectory in net sales and operating profit over the past five years.
In the broader market context, Sharp India has significantly underperformed compared to the Sensex, which has shown a slight increase of 0.97% over the past month, while Sharp India has declined by 17.32% in the same timeframe. The stock's long-term performance is also concerning, with a staggering -39.34% return over the past year, contrasting sharply with the Sensex's 4.09% gain. This underperformance in both short-term and long-term metrics highlights the stock's riskiness, particularly given its negative EBITDA and poor historical valuations. Overall, the combination of weak fundamentals, declining investor interest, and significant underperformance relative to the benchmark contributes to the ongoing decline in Sharp India's stock price.