Why is Dish TV India falling/rising?

As of 28-Jul, Dish TV India Ltd's stock price is currently at 5.39, reflecting a decrease of 0.06 or 1.1%. The stock has been on a downward trend, having fallen for the last six consecutive days, resulting in a total decline of 10.17% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a weak performance. The company has reported negative results for the last seven quarters, with net sales falling by 15.7% compared to the previous four-quarter average, and a negative book value that suggests weak long-term fundamental strength. The lack of investor confidence is further highlighted by the fact that domestic mutual funds hold 0% of the company, which may indicate discomfort with the current price or business outlook.
In the broader market context, Dish TV India has underperformed significantly compared to the benchmark, with a year-to-date return of -47.92% against the Sensex's gain of 3.52%. Over the past year, while the BSE500 index has shown a negative return of -2.52%, Dish TV's stock has plummeted by 65.91%, illustrating a stark contrast in performance. Despite outperforming its sector by 0.73% today, the overall trend and the substantial losses over various periods suggest that the stock is facing considerable challenges, leading to its current decline.