Why is Dish TV India falling/rising?

As of 18-Jul, Dish TV India Ltd's stock price is currently at 6.00, reflecting an increase of 0.11 or 1.87%. The stock has shown a positive trend today, outperforming its sector by 2.72% and reversing a two-day decline. Over the past week, the stock has gained 5.08%, and in the last month, it has risen by 22.45%. However, despite these short-term gains, the company has a negative book value and has reported negative results for the last seven consecutive quarters, indicating weak long-term fundamental strength. The company's ability to service its debt is also concerning, with a poor EBIT to Interest ratio of 1.17, which may contribute to the stock's volatility.
Broader Market Context: In the context of the broader market, Dish TV India has underperformed significantly over the past year, with a return of -60.05% compared to a slight positive return of 0.51% for the Sensex. While the stock has shown some recovery in the short term, its long-term performance remains a concern, especially given that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future prospects. The stock's recent upward movement may be attributed to short-term trading dynamics rather than a fundamental improvement in the company's financial health.