Why is GTL Infra. falling/rising?

As of 24-Jul, GTL Infrastructure Ltd's stock price is currently at 1.61, reflecting a decrease of 0.02 or 1.23%. The stock has underperformed its sector by 1.1% today, and while it is trading higher than its 100-day moving average, it remains below its 5-day, 20-day, 50-day, and 200-day moving averages. The stock has shown a significant decline over various periods, with a year-to-date return of -21.46% and a staggering -46.86% over the past year. 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, the stock's performance has been negatively impacted by the recent financial results, including a substantial loss in profit after tax and a high debt-to-equity ratio.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past month, contrasting with GTL Infrastructure's decline of 6.40% in the same period. This underperformance is further highlighted by the stock's negative returns over the last year compared to the benchmark's positive return of 2.54%. The high percentage of pledged promoter shares adds to the stock's risk, particularly in a declining market, which may further pressure its price. Overall, the combination of poor financial health, underperformance relative to benchmarks, and market conditions are contributing to the downward trend in GTL Infrastructure's stock price.