Why is Netwrk.18 Media falling/rising?

As of 06-Nov, Network 18 Media & Investments Ltd is experiencing a decline in its stock price, currently at Rs 47.39, reflecting a decrease of Rs 1.26 or 2.59%. The stock has underperformed its sector today by 0.71% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 46.95, which is a drop of 3.49%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a recent positive earnings report, the company faces significant challenges, including high operating losses and a weak long-term fundamental strength, as evidenced by a high Debt to EBITDA ratio of 6,251.48 times and a low average Return on Equity of 8.46%. The stock's performance over the past year has been particularly poor, with a return of -44.99%, despite a 102.1% increase in profits, leading to a high PEG ratio of 8.9, which suggests that the stock is overvalued relative to its earnings growth.
In the broader market context, the stock has underperformed the Sensex, which has seen a decline of only 1.30% over the past week, while Network 18 Media has dropped by 2.11%. This trend of underperformance is consistent over longer periods, as the stock has generated significantly lower returns compared to the benchmark indices over the past year and three years. The low stake held by domestic mutual funds, at just 0.34%, may indicate a lack of confidence in the company's future prospects, further contributing to the stock's downward pressure. Overall, the combination of weak financial fundamentals, poor historical performance, and unfavorable market sentiment are key factors driving the decline in Network 18 Media's stock price.