Why is GTL falling/rising?

As of 15-Sep, GTL Ltd is currently priced at 9.21, reflecting a slight increase of 0.01 (0.11%). However, the stock has been underperforming, as evidenced by its performance today, which lagged behind the sector by 0.54%. Additionally, GTL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has shown a negative return of -26.08% year-to-date and a significant decline of -35.82% over the past year, with a concerning -57.79% drop in profit after tax in the latest six months. The company's negative book value and high debt levels further exacerbate its weak long-term fundamental strength, contributing to the stock's downward pressure.
In the broader market context, while the Sensex has gained 1.24% over the past week and 1.47% over the past month, GTL's short-term performance has been negative, with a -0.97% return over the last week. This stark contrast highlights the stock's struggles relative to the benchmark. The high percentage of pledged promoter shares (97.86%) adds to the stock's risk profile, particularly in a declining market, which could lead to further downward pressure on its price. Overall, GTL's poor financial performance, combined with its underperformance against the market, suggests a challenging environment for the stock.