Why is Dish TV India falling/rising?

As of 07-Jul, Dish TV India Ltd's stock price is currently at 5.35, reflecting an increase of 0.25 or 4.9%. The stock has been gaining momentum recently, with a performance of 7.21% over the last three days and outperforming its sector by 2.54%. However, despite this short-term positive movement, the stock has experienced significant declines over the longer term, with a year-to-date drop of 48.31% and a staggering 65.53% decrease over the past year. The company faces challenges, including a negative book value and a weak ability to service its debt, which has contributed to its poor long-term fundamental strength. Additionally, the company has reported negative results for the last seven consecutive quarters, which raises concerns among investors.
In the broader market context, Dish TV's recent short-term performance contrasts sharply with the benchmark Sensex, which has seen a slight decline of 0.20% over the past week. While the stock has shown some resilience in the short term, its long-term performance remains below par, with significant underperformance compared to the BSE500 over various time frames. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its future prospects, further complicating its market position. Overall, while there are signs of short-term recovery, the underlying financial issues and long-term performance trends indicate a challenging environment for Dish TV India Ltd.