Why is GTL Infra. falling/rising?

As of 22-Jul, GTL Infrastructure Ltd's stock price is currently at 1.62, reflecting a decrease of 0.06 or 3.57%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 7.95% during this period. In terms of returns, the stock has shown a negative performance of 5.26% over the past week and 4.14% over the past month, while it has significantly underperformed the market over the last year with a decline of 41.30%. The company is facing challenges such as a negative book value, high debt levels, and poor long-term growth, which contribute to its weak fundamental strength. Additionally, 100% of promoter shares are pledged, adding further downward pressure in a declining market.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.47% over the past week and 0.27% over the past month. This indicates that GTL Infrastructure Ltd is not only falling in absolute terms but is also lagging behind the overall market trends. The company's negative results, including a significant loss in profit after tax and a high debt-to-equity ratio, further exacerbate its situation, leading to a lack of investor confidence and participation, as evidenced by the declining delivery volume. Overall, these factors contribute to the stock's continued decline amidst a relatively stable market environment.