Why is GTL Infra. falling/rising?

As of 25-Jul, GTL Infrastructure Ltd's stock price is currently at 1.60, reflecting a decrease of -0.01 or -0.62%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total decline of -1.84%. Over the past week, the stock has decreased by -6.43%, and in the last month, it has dropped by -14.89%. The stock is currently trading above its 100-day moving average but below its 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, the stock has a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamentals, which may contribute to its recent price decline. The company has also reported negative earnings, with a PAT of Rs -248.89 crore, which has fallen by -20.6% compared to the previous four-quarter average.
In the broader market context, the stock has significantly underperformed the benchmark, with a one-year return of -49.69% compared to the Sensex's increase of +1.78%. The telecommunications equipment sector, in which GTL operates, has also seen a decline of -2.11%. Furthermore, investor participation has decreased, with delivery volume falling by -57.38% against the five-day average, suggesting reduced interest in the stock. Despite outperforming its sector by 1.5% today, the overall negative sentiment surrounding the stock, driven by its weak financial performance and high debt levels, continues to exert downward pressure on its price.