Why is GTL falling/rising?

As of 05-Aug, GTL Ltd's stock price is currently at 9.27, reflecting a slight increase of 0.03, or 0.32%. The stock has shown a trend reversal, gaining after four consecutive days of decline. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 25.60% and a one-year drop of 30.72%. Additionally, the stock's delivery volume has decreased significantly, falling by 27.23% compared to the five-day average, indicating a decline in investor participation. While the stock is trading above its 100-day moving average, it remains below its shorter-term moving averages, suggesting mixed signals regarding its momentum.
Broader market context reveals that GTL Ltd has underperformed compared to the Sensex, which has gained 3.29% year-to-date. Over the past week, GTL's stock has declined by 3.13%, while the Sensex has only fallen by 0.77%. This disparity highlights the stock's struggles relative to the broader market. The liquidity of GTL Ltd is adequate for trading, as it is based on 2% of the five-day average traded value, allowing for trades of Rs 0.01 crore. However, the overall negative sentiment surrounding the stock, coupled with falling investor participation, suggests that the recent price increase may not be sustainable without a significant change in market perception or performance.