Why is GTL Infra. falling/rising?

As of 01-Aug, GTL Infrastructure Ltd is experiencing a decline in its stock price, currently at 1.53, which reflects a decrease of 0.01 or 0.65%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.38% over the past week. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has a negative book value and weak long-term fundamental strength, with operating profit growth stagnating at 0% over the last five years. Furthermore, the recent financial results indicate a significant loss, with a PAT of Rs -248.89 crore, contributing to the stock's downward trend.
In the broader market context, GTL Infrastructure's performance has been notably worse than the benchmark, as it has declined by 44.57% over the past year compared to the BSE500's negative return of 4.13%. The telecommunications equipment sector, in which GTL operates, has also seen a decline of 3.43%. Despite high institutional holdings at 33.91%, which typically indicates a level of confidence from more knowledgeable investors, the stock's liquidity remains adequate for trading. However, the falling investor participation, evidenced by a 14.58% drop in delivery volume, suggests a lack of confidence among retail investors, further exacerbating the stock's decline.