Why is Sea TV Network falling/rising?

As of 04-Jul, Sea TV Network Ltd is experiencing a decline in its stock price, currently at Rs 4.90, which represents a decrease of 0.05 or 1.01%. The stock has underperformed in today's trading, falling for the last two days and showing a total decline of 5.41%. Additionally, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 6.31%, and its year-to-date performance shows a significant decline of 42.49%. The company is also close to its 52-week low, being just 2.04% away from Rs 4.80. The negative factors impacting the stock include a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its weak fundamental strength.
In the broader market context, while the Sensex has shown a slight decline of 0.74% over the past week, Sea TV Network's performance has been notably worse, indicating a significant underperformance relative to the benchmark. The stock has generated negative returns of 49.48% over the past year, contrasting sharply with the market's positive return of 2.13% during the same period. This stark difference highlights the challenges faced by Sea TV Network, including a high debt-to-equity ratio and negative EBITDA, which further exacerbate investor concerns and contribute to the stock's downward trajectory.