Why is Dish TV India falling/rising?

As of 26-Sep, Dish TV India Ltd is experiencing a decline in its stock price, currently at 5.09, which reflects a decrease of 0.06 or 1.17%. The stock has been on a downward trend, losing value for the last three consecutive days with a total return of -5.04% 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 eight consecutive quarters, with a significant drop in net sales of -4.16% and a negative book value, which suggests weak long-term fundamental strength. The lack of investor participation is evident, as the delivery volume has decreased by 22.5% against the 5-day average, further contributing to the stock's decline.
In the broader market context, Dish TV India has underperformed significantly compared to the benchmark, with a one-week return of -7.45% against the Sensex's -2.66%. Over the past year, the stock has generated a return of -64.28%, while the Sensex has only declined by 6.30%. This consistent underperformance over the last three years highlights the company's struggles, as domestic mutual funds hold no stake in the company, indicating a lack of confidence in its future prospects. The overall market sentiment appears to be unfavorable for Dish TV India, compounded by its weak financial metrics and negative operating profits, which have led to its current stock price decline.