Why is GTL falling/rising?

As of 01-Aug, GTL Ltd's stock price is currently at 9.41, reflecting an increase of 0.05 or 0.53%. Today's price summary indicates that the stock has outperformed its sector by 3.9% and has experienced a trend reversal, gaining after two consecutive days of decline. However, the stock's performance over the past week shows a decline of 2.69%, and over the past month, it has fallen by 13.11%. Despite a significant growth in profit before tax and profit after tax compared to previous quarters, the company faces challenges such as a negative book value and high debt, which contribute to its weak long-term fundamental strength.
In the broader market context, while the Sensex has decreased by 1.06% over the past week, GTL's performance has been notably worse, with a 1-year return of -30.71% compared to the market's -4.13%. This underperformance highlights the stock's volatility and the declining participation from institutional investors, who have reduced their stake by 1.95% in the last quarter. The overall sentiment in the telecommunications equipment sector is negative, as indicated by a sector decline of 3.43%, which may also be influencing investor confidence and participation in GTL Ltd.