Why is GTL falling/rising?

As of 25-Jul, GTL Ltd's stock price is currently at 9.67, reflecting a decrease of 0.17, or 1.73%. The stock has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 3.3% during this period. Over the past week, GTL has underperformed significantly, with a return of -4.54%, compared to a minor decline of -0.36% in the Sensex. Although the stock has outperformed its sector by 0.39% today, it has shown a substantial decline of 22.39% year-to-date and a staggering 35.14% over the past year. The company's financial health is concerning, highlighted by a negative book value and a weak long-term growth outlook, with net sales increasing at only 3.34% annually over the last five years. Additionally, while the company has reported impressive growth in profit before tax and profit after tax for the last quarter, the overall trend indicates a significant drop in profits by 124.1% over the past year.
In the broader market context, GTL's recent performance contrasts sharply with the benchmark, as the BSE500 has only declined by 0.19% over the last year, while GTL's stock has plummeted by 35.14%. This stark difference indicates a lack of investor confidence in GTL, further exacerbated by a decrease in institutional investor participation, which has fallen by 1.95% in the last quarter. The telecommunications equipment sector has also faced challenges, with a decline of 2.12%. Despite a rise in delivery volume, suggesting some investor interest, the overall sentiment remains negative due to the company's high debt levels and poor long-term fundamentals, which contribute to its risky trading status.