Why is Quadrant Tele. falling/rising?

As of 28-Jul, Quadrant Televentures Ltd is experiencing a decline in its stock price, currently at 0.35, which reflects a decrease of 0.01 or 2.78%. The stock has been underperforming significantly, with a consecutive fall over the last six days and a total decline of 20.45% in the past month. It is trading below all its moving averages, indicating a bearish trend. The company has reported negative results for the last ten consecutive quarters, with a notable drop in profit after tax and net sales, contributing to a weak long-term fundamental strength. Additionally, the promoters have reduced their stake in the company by 8.5%, which may signal a lack of confidence in its future prospects.
In the broader market context, Quadrant Televentures Ltd has underperformed compared to the Sensex, which has only declined by 1.59% over the past week while the stock has dropped by 16.67%. This stark contrast highlights the stock's poor performance relative to the market. The telecommunications equipment sector has also seen a decline of 2.53%, further contributing to the negative sentiment surrounding the stock. Despite a rise in investor participation, as indicated by increased delivery volume, the overall outlook remains pessimistic due to the company's high debt levels and negative book value, making it a risky investment.