Why is GTL falling/rising?

As of 13-Jun, GTL Ltd's stock price is currently at Rs 11.15, reflecting a decline of -1.01, or -8.31%. The stock has recently experienced a trend reversal, falling after six consecutive days of gains. Today, it opened with a loss of -3.95% and reached an intraday low of Rs 11.01, which is a drop of -9.46%. Despite a significant rise in delivery volume, which increased by 321.37% against the 5-day average, the stock has underperformed its sector by -7.09%. Over the past week, GTL has shown a strong return of +25.99%, but its year-to-date performance remains negative at -10.51%. The company faces challenges due to a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, while the Sensex has generated a return of +3.81% year-to-date, GTL Ltd has significantly underperformed with a -10.51% return. This underperformance is compounded by the fact that 97.86% of promoter shares are pledged, which can exert additional downward pressure in a falling market. The stock's negative returns over the past year, coupled with a substantial decline in profits, highlight the risks associated with investing in GTL Ltd. Overall, the combination of poor long-term growth prospects, high debt, and significant promoter share pledges has contributed to the stock's current decline.