Why is Sea TV Network falling/rising?

As of 03-Sep, Sea TV Network Ltd's stock price is currently at Rs 4.69, reflecting an increase of Rs 0.22 or 4.92%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it has outperformed its sector by 4.99% today. However, it is important to note that the stock is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has decreased by 5.25%, and it has experienced a significant decline of 54.42% over the past year. The company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its classification as a strong sell.
In the broader market context, while the Sensex has remained relatively stable with a slight decline of 0.27% over the past week, Sea TV Network's performance has been notably worse, indicating a lack of investor confidence. The stock's liquidity appears adequate, with a significant increase in delivery volume, suggesting some renewed interest from investors. However, the high proportion of pledged promoter shares and the company's negative EBITDA signal ongoing risks that could pressure the stock further. Overall, despite today's rise, the long-term outlook remains bleak, with the stock underperforming the broader market significantly over various time frames.