Why is GTL Infra. falling/rising?

As of 13-Jun, GTL Infrastructure Ltd's stock price is currently at 1.87, reflecting a decline of 0.2, or 9.66%. The stock has recently underperformed its sector by 8.44% and has experienced a trend reversal, falling after two consecutive days of gains. Despite a strong performance over the past week and month, with returns of 25.50% and 29.86% respectively, the stock has a negative year-to-date return of 8.78%. Key concerns include a negative book value, high debt levels with a debt-to-equity ratio averaging 75.32 times, and poor long-term growth, as evidenced by a significant drop in profit after tax. Additionally, 100% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, while the Sensex has shown a slight decline of 1.30% over the past week, GTL Infrastructure's performance stands out with a much larger drop. The stock's negative return of 8.78% over the past year starkly contrasts with the market's positive return of 3.81%. This underperformance highlights the company's struggles, particularly in light of its recent negative quarterly results and the overall weak long-term fundamentals. The combination of high debt, poor profitability, and the risk associated with pledged shares contributes to the stock's current downward trajectory.