Why is GTL Infra. falling/rising?

As of 25-Aug, GTL Infrastructure Ltd's stock price is currently at 1.51, reflecting a decrease of 0.02, or 1.31%. The stock has underperformed its sector today by 1.68% and has experienced a consecutive decline over the last two days, with a total drop of 1.95%. Over the past week, the stock has fallen by 0.66%, and its performance over the last month shows a significant decline of 5.63%. The company is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's negative book value and high debt-to-equity ratio suggest weak long-term fundamentals, contributing to its poor performance, which includes a staggering 46.26% decline over the past year.
In the broader market context, while the benchmark Sensex has shown a slight increase of 0.45% over the past week, GTL Infrastructure's performance has been notably worse, indicating a lack of investor confidence. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 43.76% against the five-day average suggests waning interest among investors. The company's high level of pledged promoter shares further exacerbates the situation, as this can lead to additional downward pressure in a declining market. Overall, the stock's substantial underperformance compared to the market highlights the challenges it faces amidst a generally stable market environment.