Why is NDTV falling/rising?

As of 12-Jun, New Delhi Television Ltd's stock price is currently at Rs 159.70, reflecting a decline of Rs 5.95 or 3.59%. The stock has been underperforming, having fallen consecutively for the last two days, with a total drop of 6.09% during this period. Today's trading saw the stock touch an intraday low of Rs 159.2, and it has underperformed its sector by 3.94%. Over the past week, the stock has decreased by 2.05%, while its performance over the past month shows a significant increase of 31.39%. However, the stock's long-term performance remains concerning, with a year-to-date decline of 0.99% and a staggering 31.62% drop over the past year. The company's financial health is also troubling, as it has reported negative results for nine consecutive quarters, with a high debt-to-equity ratio of 5.58 times and a negative EBITDA, indicating weak fundamentals.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.31% over the past week and 4.55% year-to-date. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles, as it has failed to attract domestic mutual funds, which hold no stake in the company. The lack of investor confidence is further underscored by the company's poor ability to service its debt and declining profits, which have fallen by 968.2% over the past year. Overall, these factors contribute to the stock's downward trajectory, reflecting a lack of investor confidence and significant financial challenges.