Why is Sea TV Network falling/rising?

As of 20-Jun, Sea TV Network Ltd's stock price is currently at Rs. 5.79, reflecting an increase of Rs. 0.49 or 9.25%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. Despite this uptick, the stock has recently hit a new 52-week low of Rs. 4.8. Over the past week, the stock has underperformed with a decline of 5.39%, and it has seen a significant drop in investor participation, with a delivery volume decrease of 60.77% compared to the 5-day average. The company has a negative book value and a weak long-term fundamental strength, with net sales declining at an annual rate of 6.32% over the last five years, contributing to its overall poor performance.
In the broader market context, while the Sensex has shown a positive return of 1.59% over the past week, Sea TV Network's recent performance has been notably weaker, with a year-to-date decline of 32.04% compared to the Sensex's gain of 5.46%. The stock's high debt levels and negative EBITDA further exacerbate its risk profile, making it a risky investment relative to historical valuations. Despite the recent price increase, the stock has underperformed the market significantly over the past year, generating a return of -27.90% while the broader market has seen a modest increase.