Why is NDTV falling/rising?

As of 27-Jun, New Delhi Television Ltd's stock price is currently at 162.50, reflecting an increase of 4.55 or 2.88%. The stock has shown a strong performance today, outperforming its sector by 2.12% and opening with a gain of 3.51%. It reached an intraday high of Rs 163.5 and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 8.48%, although it has underperformed over the longer term, with a year-to-date return of only 0.74% compared to the Sensex's 7.58%. Despite this short-term rise, the company faces significant challenges, including a high debt-equity ratio of 5.58, negative results for the last nine consecutive quarters, and a negative EBITDA, indicating weak long-term fundamental strength.
Broader Market Context: In the context of the broader market, NDTV's recent short-term performance contrasts sharply with its longer-term underperformance, as it has generated a negative return of -26.65% over the past year while the Sensex has increased by 6.08%. This disparity highlights the stock's struggles despite today's gains. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation or business prospects. While the stock's recent rise may attract some investor interest, the underlying financial weaknesses and poor historical performance indicate that caution is warranted.