Why is Netwrk.18 Media falling/rising?

As of 30-Jun, Network 18 Media & Investments Ltd is experiencing a slight decline in its stock price, currently at 58.89, with a change of -0.03 (-0.05%). The stock has underperformed its sector by 0.52% today and has been on a downward trend for the last three days, resulting in a total return of -4.59% during this period. Despite a positive performance over the past week and month, with returns of +8.69% and +7.98% respectively, the stock has shown significant underperformance over the longer term, with a year-to-date decline of -17.46% and a one-year drop of -25.81%. The company has declared negative results for the last five consecutive quarters, with a high debt-to-equity ratio of 3.03 times and a negative EBITDA, indicating weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 2.09% over the past week and 2.65% over the past month. This indicates that while the stock has shown some short-term recovery, it remains significantly behind the benchmark in longer-term performance, having underperformed the BSE 500 in each of the last three annual periods. The low participation from domestic mutual funds, holding only 0.41% of the company, suggests a lack of confidence in the stock's valuation and business prospects, further contributing to its downward pressure in the market.