Why is Sea TV Network falling/rising?

As of 23-Jul, Sea TV Network Ltd's stock price is currently at 5.64, showing no change (0.00%). The stock has experienced a decline of 5.53% over the past week, but it has increased by 2.55% in the last month. However, the year-to-date performance is concerning, with a significant drop of 33.80%. Today's price summary indicates that the stock is performing inline with its sector, but it is trading below several moving averages, including the 5-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 76.39% compared to the 5-day average. The company's weak long-term fundamentals, highlighted by a negative book value and a high debt-to-equity ratio, further contribute to its struggles, as does the fact that 51.19% of promoter shares are pledged, which can exert additional downward pressure on the stock price.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with the Sensex showing a slight gain of 0.11% over the past week while Sea TV Network's stock has declined. Over the past year, the stock has generated a negative return of 38.36%, contrasting sharply with the market's positive return of 2.86%. This underperformance, combined with the company's poor financial metrics, such as a negative EBITDA and declining net sales, suggests that investor confidence is waning, leading to the stock's current stagnation in price movement.