Why is Sea TV Network falling/rising?

As of 13-Aug, Sea TV Network Ltd's stock price is currently at 5.02, reflecting an increase of 0.08 or 1.62%. Today's price summary indicates that the stock has outperformed its sector by 0.32% and has experienced a trend reversal, gaining after two consecutive days of decline. However, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent rise in investor participation, with delivery volume increasing by 52.91% against the 5-day average, the company faces significant challenges, including a negative book value, weak long-term growth, and high debt levels. The stock has underperformed the market over the past year, with a return of -46.14%, which is considerably worse than the broader market's negative return of -0.64%.
In the broader market context, Sea TV Network's short-term performance shows a slight improvement compared to the benchmark, as it gained 1.01% over the past week while the Sensex remained flat at -0.01%. However, the company's long-term outlook remains bleak, with poor sales growth and a high proportion of pledged promoter shares, which can exert downward pressure on the stock price in a falling market. The stock's risky profile is further underscored by its negative EBITDA and the significant decline in net sales over the past nine months. Overall, while there is a short-term uptick in price, the underlying fundamentals suggest ongoing challenges that could hinder sustained recovery.