Why is Dish TV India falling/rising?

As of 29-Jul, Dish TV India Ltd's stock price is currently at 5.42, reflecting an increase of 0.03 or 0.56%. The stock has shown a trend reversal, gaining after six consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has underperformed its sector by 0.4% today, and its delivery volume has significantly decreased by 40.48% compared to the 5-day average. Over the past week, the stock has dropped by 5.57%, while it has gained 8.84% over the past month, contrasting sharply with its year-to-date decline of 47.63% and a staggering 65.76% drop over the past year. The company's negative book value and weak long-term fundamentals, including a poor EBIT to interest ratio and consecutive negative quarterly results, contribute to its risky profile, deterring investor confidence.
In the broader market context, while the Sensex has experienced a slight decline of 1.03% over the past week, Dish TV's performance has been significantly worse, indicating a lack of investor interest compared to the overall market. The stock's substantial underperformance relative to the benchmark, with a 1-year return of -65.76% compared to the Sensex's near flat return of -0.02%, highlights the challenges the company faces in regaining investor trust. The absence of domestic mutual fund investment further underscores concerns about the company's stability and future prospects, suggesting that even institutional investors are wary of the stock's valuation and performance.