Why is GTL falling/rising?

As of 05-Sep, GTL Ltd's stock price is currently at 9.50, reflecting an increase of 0.32 or 3.49%. The stock has outperformed its sector today by 1.33%, and over the past week, it has shown a return of +3.71%, while the Sensex has only gained +1.13%. However, the stock's long-term performance remains concerning, with a year-to-date decline of -23.76% and a one-year drop of -31.56%. The company is facing significant challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, the latest financial results indicate a substantial decline in profit after tax and net sales, further exacerbating investor concerns.
In the broader market context, while GTL has shown some short-term resilience, it has underperformed the market significantly over the past year, with the BSE500 index returning -4.41% compared to GTL's -31.56%. The telecommunications equipment sector has gained by 2.13%, indicating some positive momentum in the industry, yet GTL's high promoter share pledge and falling investor participation suggest a lack of confidence among investors. The stock's liquidity remains adequate for trading, but the overall negative sentiment surrounding its financial health and performance continues to weigh heavily on its price movements.