Why is GTL falling/rising?

As of 03-Jul, GTL Ltd's stock price is currently at 10.92, reflecting an increase of 0.41 or 3.9%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock has underperformed in the short term, with a 1-week return of -2.67% compared to a -0.62% decline in the Sensex. Over the past month, however, GTL has performed well, with a return of +21.60%, significantly outpacing the Sensex's +3.10%. Positive factors contributing to the recent price movement include substantial growth in profit before tax and profit after tax, which have increased by 361.5% and 471.4%, respectively, compared to the previous four-quarter average. However, the stock faces challenges due to a negative book value, high debt levels, and a significant percentage of promoter shares being pledged, which adds risk and pressure on the stock price.
In the broader market context, while GTL's recent performance has improved, it has still underperformed the market over the past year, generating a return of -22.94% compared to the Sensex's +4.07%. This underperformance highlights the stock's volatility and the risks associated with its financial health, particularly given its negative book value and high debt-to-equity ratio. The stock's liquidity remains adequate for trading, but falling investor participation, as indicated by a 34.51% drop in delivery volume, suggests caution among investors. Overall, while there are some positive indicators in the short term, the long-term outlook remains weak, which could impact future price movements.