Why is NDTV falling/rising?

As of 25-Jun, New Delhi Television Ltd's stock price is currently at Rs 159.50, reflecting an increase of Rs 5.95 or 3.87%. The stock has shown a positive trend recently, gaining for four consecutive days and achieving a total return of 7.81% during this period. It opened with a gain of 2.02% today and reached an intraday high of Rs 160. However, despite this short-term performance, the stock has underperformed over the past month with a decline of 1.21% and a significant drop of 27.83% over the past year. The company's financial health is concerning, 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 long-term fundamental strength.
In the broader market context, the stock has outperformed its sector by 0.95% today, while the TV Broadcasting & Software sector has gained 2.87%. However, the stock's performance over the last year is starkly contrasted by the benchmark, as it has significantly lagged behind the BSE 500, which has generated a return of 3.43%. The falling investor participation, with a delivery volume decrease of 48.07% compared to the five-day average, suggests a lack of confidence among investors. Additionally, the absence of domestic mutual fund holdings indicates that institutional investors may not be comfortable with the stock's valuation or business prospects, further contributing to the stock's volatility and recent price movements.