Why is GTL Infra. falling/rising?

As of 26-Aug, GTL Infrastructure Ltd's stock price is currently at 1.50, reflecting a decrease of -0.01 or -0.66%. The stock has been underperforming recently, having fallen for three consecutive days, resulting in a total decline of -2.6%. In the past week, the stock has decreased by -1.32%, and over the last month, it has dropped by -6.25%. Additionally, GTL Infrastructure is trading below all its moving averages, indicating a bearish trend. The company is facing significant challenges, including a negative book value and a high debt-to-equity ratio of 75.32 times, which contributes to its weak long-term fundamental strength. The recent financial results show a decline in both profit before tax and profit after tax compared to previous quarters, further exacerbating investor concerns.
In the broader market context, the stock has underperformed the benchmark, with a one-year return of -46.24% compared to the Sensex's decline of only -1.12%. The telecommunications equipment sector has also seen a downturn, with a -2.87% drop, which may be influencing investor sentiment negatively. Furthermore, there has been a significant decrease in investor participation, with delivery volume falling by -34.28% against the five-day average, indicating reduced interest in the stock. The high percentage of pledged promoter shares adds to the risk, as it can exert additional downward pressure on the stock price in a declining market.