Why is GTL falling/rising?

As of 27-Jun, GTL Ltd's stock price is currently at 11.01, reflecting a decrease of 0.21, or 1.87%. The stock has recently underperformed its sector by 1.24% and has experienced a trend reversal after three consecutive days of gains. Despite this, GTL is trading above its moving averages across various time frames, indicating some underlying strength. Over the past week, the stock has increased by 7.62%, and over the past month, it has risen by 26.55%. However, the year-to-date performance shows a decline of 11.64%, and the stock has significantly underperformed over the last year with a drop of 17.53%. The company has reported substantial growth in profit before tax and profit after tax compared to previous quarters, but it also faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, while GTL has shown positive short-term returns, it has lagged behind the benchmark, which has generated a return of 4.10% over the past year. The stock's performance is further pressured by the fact that 97.86% of promoter shares are pledged, which can exacerbate downward price movements in a declining market. Additionally, the company's poor long-term growth metrics, including a low annual growth rate in net sales and a significant drop in profits over the past year, highlight the risks associated with investing in GTL. Overall, these factors contribute to the stock's current decline despite some recent positive indicators.