Why is Sharp India falling/rising?

As of 24-Sep, Sharp India Ltd's stock price is currently at Rs 53.60, reflecting a decrease of 2.68 (-4.76%). The stock has underperformed its sector by 4.26% today, despite opening with a gain of 2.08% and reaching an intraday high of Rs 57.45. However, it also touched a low of Rs 53, indicating significant volatility. The stock has shown a negative trend over the past week, with a decline of 10.65%, and has been trading below its moving averages across various time frames. Additionally, the company has a negative book value, weak long-term fundamentals, and high debt levels, which contribute to its declining stock performance. The latest financial results indicate a poor outlook, with a negative EBITDA and a significant drop in profits over the past year.
In the broader market context, the Sensex has shown a slight increase of 0.50% over the past month, contrasting with Sharp India's decline of 7.28% during the same period. This underperformance highlights the stock's struggles relative to the overall market. The company's falling investor participation, with a drastic drop in delivery volume, further indicates a lack of confidence among investors. Overall, the combination of weak financial performance, high debt, and negative market sentiment has led to the stock's current downward trajectory.