Why is Sharp India falling/rising?

As of 22-Sep, Sharp India Ltd's stock price is currently at Rs 54.51, reflecting a decline of Rs 3.37 or 5.82%. The stock has underperformed its sector by 4.95% today, with an intraday high of Rs 64.29 and a low of Rs 54.02, indicating significant volatility with an intraday range of Rs 10.27. Over the past week, the stock has decreased by 9.45%, and in the past month, it has fallen by 5.71%. The company's performance is further impacted by negative factors such as a negative book value, weak long-term growth, and high debt levels, which contribute to its classification as a risky investment. Additionally, the stock's trading below all key moving averages and a notable drop in delivery volume suggest declining investor confidence.
In the broader market context, while the Sensex has shown a slight increase of 0.46% over the past week, Sharp India has significantly lagged behind with its steep decline. This disparity highlights the stock's struggles relative to the overall market performance. The company's flat results in June, including a lowest profit before tax and earnings per share, coupled with a negative EBITDA, further exacerbate its challenges. Overall, the combination of poor financial fundamentals and negative market sentiment has led to the stock's downward trajectory.