Why is GTL falling/rising?

As of 30-Jun, GTL Ltd's stock price is currently at 10.93, reflecting a decrease of 0.08, or 0.73%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.58%. In terms of performance, GTL has shown a significant increase of 25.34% over the past month, but it has also underperformed the sector by 3.21% today. Despite some positive indicators such as a substantial growth in profit before tax and profit after tax compared to previous quarters, the company faces challenges with a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, the high percentage of pledged promoter shares adds to the stock's risk profile, particularly in a declining market.
Broader market context indicates that while GTL has experienced a notable 7.26% increase over the past week, it has still underperformed the benchmark Sensex, which has risen by 2.09% in the same period. The stock's year-to-date performance is concerning, with a decline of 12.28%, contrasting sharply with the Sensex's gain of 7.00%. This underperformance is compounded by the overall market conditions, where GTL's negative returns of -19.69% over the past year starkly contrast with the broader market's positive trajectory, highlighting the stock's struggles in a generally improving economic environment.