Why is Unitech falling/rising?

As of 20-Jun, Unitech Ltd's stock price is currently at 7.92, reflecting a decrease of 0.03, or 0.38%. The stock has been on a downward trend, having underperformed its sector by 1.95% today and experiencing a consecutive decline over the last six days, resulting in a total drop of 21.04% during this period. Additionally, the stock has shown a significant negative performance over the past year, with a return of -25.28%, while its net sales have declined by 15.4% compared to the previous four-quarter average. The company's weak long-term fundamentals, highlighted by a negative book value and poor debt servicing ability, further contribute to the stock's decline. The low participation from domestic mutual funds, holding only 0.01% of the company, indicates a lack of confidence in its valuation or business prospects.
In the broader market context, Unitech's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.59% over the past week and 1.50% over the past month. While Unitech's stock has seen a positive return of 27.33% over the last month, its year-to-date performance remains negative at -13.54%, indicating ongoing struggles. The stock's liquidity appears adequate for trading, but the substantial drop in delivery volume by 96.57% against the five-day average suggests waning investor interest, which is likely exacerbating its price decline. Overall, the combination of poor financial health, negative investor sentiment, and underperformance relative to the market has led to the stock's current downward trajectory.