Why is NDTV falling/rising?

As of 28-Aug, New Delhi Television Ltd's stock is currently priced at Rs 140.50, reflecting a decrease of Rs 2.5, or 1.75%. The stock has underperformed its sector by 1.48% today, reaching an intraday low of Rs 138.2, which is a decline of 3.36%. Over the past week, the stock has seen a significant drop of 7.38%, and it has consistently underperformed against the benchmark, with a year-to-date return of -12.90% compared to the Sensex's positive return of 2.48%. The company's financial health is concerning, as it has reported negative results for the last ten consecutive quarters, with a high debt-to-equity ratio of 5.58 and a negative EBITDA, indicating weak long-term fundamental strength.
In the broader market context, the stock's recent performance has been notably poor, particularly over the last three years, where it has consistently underperformed against the BSE500 index. While the Sensex has shown a modest decline of 2.34% over the past week, NDTV's sharper decline highlights its ongoing struggles. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its future prospects. This combination of high debt, negative cash flow, and consistent underperformance against the benchmark contributes to the stock's downward trajectory.