Why is GTL falling/rising?

As of 23-Sep, GTL Ltd's stock price is currently at 9.68, showing no change (0.00%). The stock has underperformed its sector today by 0.52%, and while it is higher than the 20-day, 50-day, and 100-day moving averages, it is lower than the 5-day and 200-day moving averages. The stock has experienced a 4.54% increase over the past week, but it has declined by 4.91% over the last month and has a year-to-date drop of 22.31%. The company's financial health is concerning, as it has a negative book value and a high debt-to-equity ratio, which contributes to its weak long-term fundamental strength. Additionally, the company's net sales and operating profit have shown minimal growth, and the latest quarterly results indicate a significant decline in profits and sales.
In the broader market context, GTL's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.34% over the past week. The stock's poor long-term performance is highlighted by its 25.42% drop over the past year, while the Sensex has only decreased by 3.33% in the same period. The high percentage of pledged promoter shares (97.86%) adds to the stock's risk, particularly in a falling market, which could further pressure its price. Overall, GTL's combination of weak financial metrics, declining investor participation, and underperformance relative to the benchmark suggests a challenging outlook for the stock.