Why is GTL Infra. falling/rising?

As of 24-Sep, GTL Infrastructure Ltd is experiencing a decline in its stock price, currently at 1.51, down by 0.01 or 0.66%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 63.65% compared to the 5-day average. The stock has underperformed the benchmark Sensex over various periods, including a 1-year return of -37.60% compared to the Sensex's -3.77%. The company's weak long-term fundamentals, characterized by a negative book value and a high debt-to-equity ratio of 75.32 times, further contribute to the stock's downward movement. Recent financial results have also shown a decline in operating profit and net profit, reinforcing the perception of the stock as a strong sell.
In the broader market context, GTL Infrastructure's short-term performance of -2.58% over the past week is notably worse than the Sensex, which has declined by only 1.18%. This stark contrast highlights the stock's struggles relative to the overall market. The company's poor long-term growth prospects, coupled with the risk associated with 100% of promoter shares being pledged, adds additional downward pressure in a falling market. Overall, the combination of weak financial performance, high debt levels, and negative investor sentiment has led to the stock's continued decline.