Why is TV Vision falling/rising?

As of 23-Sep, TV Vision Ltd's stock price is currently at 6.86, reflecting an increase of 0.32 or 4.89%. The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this positive movement today, the stock has underperformed in the short term, with a weekly return of -8.78% compared to the Sensex's -0.34%. Additionally, the stock's delivery volume has decreased by 19.21% against the five-day average, indicating falling investor participation. The company has a negative book value and has reported negative results for the last three consecutive quarters, which contributes to its weak long-term fundamental strength and high debt levels.
Broader market context shows that while the stock has outperformed its sector today by 5.89%, it has significantly underperformed the market over the past year, with a return of -46.07% compared to the BSE500's -4.69%. This stark contrast highlights the challenges faced by TV Vision Ltd, including poor long-term growth and a high debt-to-equity ratio. The presence of pledged promoter shares adds further risk, especially in a declining market, which can exert additional downward pressure on the stock price. Overall, while there is a short-term gain, the long-term outlook remains concerning due to the company's financial struggles.