Why is Shristi Infra falling/rising?

As of 24-Sep, Shristi Infrastructure Development Corporation Ltd is experiencing a decline in its stock price, currently at 34.99, reflecting a decrease of 0.51 or 1.44%. The stock has been underperforming, with a consecutive fall over the last three days resulting in a total decline of 5.92%. It is trading below all key moving averages, indicating a bearish trend. Despite a positive performance today, where it outperformed its sector by 0.98%, the stock has shown significant underperformance over the past week, month, and year, with returns of -6.44%, -9.12%, and -41.44%, respectively. The company has a negative book value and a high debt-to-equity ratio, which contributes to its weak long-term fundamental strength and low profitability, further impacting investor sentiment.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight gain of 0.50% over the past month. The construction and real estate sector, where Shristi operates, has also faced challenges, declining by 2.38%. While there has been a rise in investor participation, as evidenced by a 36.79% increase in delivery volume, the overall market conditions and the company's financial health suggest a cautious outlook. The combination of high debt, negative EBITDA, and poor long-term growth prospects has led to a perception of risk, contributing to the stock's downward trajectory.