Why is Raj Television falling/rising?

As of 17-Sep, Raj Television Network Ltd is currently priced at 42.38, reflecting a decrease of 0.4, or 0.94%. The stock has underperformed its sector today by 1.76% and has experienced a trend reversal after two consecutive days of gains. While the stock is higher than its 5-day moving average, it remains lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a slight increase of 0.09%, but it has significantly underperformed the benchmark Sensex, which has risen by 1.56%. The company has faced challenges, including a weak long-term fundamental strength with a -47.47% CAGR growth in operating profits over the last five years and a negative EBITDA, indicating financial instability. Additionally, the net sales for the last quarter fell by 47.3% compared to the previous four-quarter average, further contributing to the stock's decline.
In the broader market context, Raj Television's performance has been consistently below that of the benchmark, with a year-to-date return of -47.02% compared to the Sensex's 5.83% gain. The stock's long-term underperformance is evident, as it has generated -17.71% returns over the past year while the Sensex has only decreased by 0.46%. Despite a rise in investor participation, as indicated by a 27.24% increase in delivery volume, the overall sentiment remains negative due to the company's weak profitability metrics and inability to service its debt effectively. This combination of factors has led to a lack of investor confidence, contributing to the stock's current downward movement.