Why is GTL falling/rising?

As of 02-Sep, GTL Ltd's stock price is currently at 9.15, reflecting a decrease of 0.05 or 0.54%. The stock has underperformed significantly, with a 1-week return of -7.11% and a year-to-date decline of -26.57%. Today's performance indicates that GTL has outperformed its sector by 0.3%, but it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 56.8% compared to the 5-day average. The company is facing serious challenges, including a negative book value, weak long-term growth, and high debt levels, which contribute to its classification as a strong sell.
Broader market context shows that while the benchmark Sensex has experienced a slight decline of 0.78% over the past week, GTL's performance has been significantly worse. The stock's year-on-year return of -33.70% starkly contrasts with the Sensex's decline of only 2.91% during the same period. The high percentage of pledged promoter shares (97.86%) adds to the stock's risk, particularly in a falling market, further exacerbating the downward pressure on its price. Overall, the combination of poor financial health, declining investor interest, and underperformance relative to the market contributes to the stock's current downward trajectory.