Why is NDTV falling/rising?

As of 19-Aug, New Delhi Television Ltd's stock price is currently at Rs 137.65, reflecting an increase of 6.55 (5.0%). The stock has shown a positive performance today, having outperformed its sector by 3.68% and gaining 9.07% over the last two days. It opened with a gain of 2.97% and reached an intraday high of Rs 137.65. However, despite this short-term gain, the stock has had a challenging year, with a year-to-date return of -14.66% and a significant decline of -31.86% over the past year. The company's high debt levels, as indicated by a debt-equity ratio of 5.58, and a weak ability to service this debt, reflected in a poor EBIT to interest ratio, contribute to its overall negative outlook. Additionally, the company has reported negative results for the last ten consecutive quarters, which raises concerns about its long-term viability. In the broader market context, the stock's short-term return of +5.88% over the past week significantly outpaces the Sensex's return of +1.76% during the same period. However, the stock has consistently underperformed against the benchmark over the last three years, with a staggering -62.32% return compared to the Sensex's +36.88%. This underperformance, coupled with the lack of investment from domestic mutual funds, suggests a lack of confidence in the company's future prospects. While the recent price movement may indicate a temporary rebound, the underlying financial challenges and historical performance issues continue to pose significant risks for investors.