Why is GTL falling/rising?

As of 24-Sep, GTL Ltd's stock price is currently at 9.45, reflecting an increase of 0.12 or 1.29%. The stock has shown a trend reversal by gaining after three consecutive days of decline, outperforming its sector by 2.02%. However, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has gained 0.43%, while it has significantly underperformed in the longer term, with a year-to-date decline of 24.16% and a one-year return of -27.31%. The company's financial health is concerning, with a negative book value and a high debt-to-equity ratio, which contributes to its classification as a strong sell. Additionally, 97.86% of promoter shares are pledged, adding further risk to the stock's stability.
Broader market context reveals that while GTL has shown a slight uptick in the short term, the benchmark Sensex has declined by 1.18% over the same week. This indicates that GTL's recent performance is somewhat isolated, as it has not aligned with broader market trends. The company's weak long-term growth prospects, highlighted by stagnant net sales and a significant drop in profit after tax, suggest that investor confidence remains low. The falling investor participation, with a delivery volume decrease of 62.38% against the five-day average, further underscores the challenges GTL faces in maintaining upward momentum in its stock price.