Why is GTL falling/rising?

As of 20-Aug, GTL Ltd's stock price is currently at 9.36, reflecting an increase of 0.12 or 1.3%. The stock has been gaining for the last three days, with a total return of 2.86% during this period. However, despite this short-term gain, the stock has underperformed its sector by 0.47% today and has shown a significant decline over the longer term, with a year-to-date decrease of 24.88% and a one-year drop of 33.99%. The company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its risky profile. Additionally, 97.86% of promoter shares are pledged, which can exert further downward pressure on the stock in a declining market.
In the broader market context, GTL's short-term performance of +2.07% over the past week has outpaced the Sensex, which has risen by 1.64%. However, the stock's long-term performance starkly contrasts with the benchmark, as it has significantly underperformed the market over the past year, where the Sensex has only declined by 1.20%. This disparity highlights the stock's ongoing struggles relative to the broader market, further compounded by its poor financial fundamentals and high levels of pledged shares, which may deter investor confidence.