Why is Netwrk.18 Media falling/rising?

As of 04-Jul, Network 18 Media & Investments Ltd is experiencing a decline in its stock price, currently at Rs 56.41, which reflects a decrease of Rs 1.6 or 2.76%. The stock has underperformed its sector today by 3.11%, touching an intraday low of Rs 56.3. Over the past week, the stock has decreased by 4.26%, while it has shown a marginal increase of 1.86% over the past month. However, the year-to-date performance is concerning, with a significant drop of 20.94%. The company's financial health is under scrutiny, as it has reported negative results for the last five consecutive quarters, with a poor operating profit growth rate of -204.59% over the past five years. Additionally, the company has a high debt-to-equity ratio and has generated a low return on equity of 6.68%, indicating weak long-term fundamental strength.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-year return of -35.34% compared to the Sensex's gain of 4.23%. This stark contrast highlights the stock's struggle to attract investor confidence, as evidenced by a low domestic mutual fund holding of only 0.41%. The overall market has shown resilience, with a 3.01% increase over the past month, while Network 18 Media's recent price movements suggest a lack of investor participation, as indicated by a decline in delivery volume. The stock's liquidity remains adequate for trading, but the negative sentiment surrounding its financial results and high debt levels continues to weigh heavily on its price performance.