Why is Unitech falling/rising?

As of 22-Jul, Unitech Ltd's stock price is currently at 7.67, reflecting a decrease of 0.21, or 2.66%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.48% during this period. Additionally, it has underperformed its sector by 1.86% today. The stock's performance over the past week shows a decline of 3.52%, and it has significantly underperformed the market over the last year with a return of -23.07% compared to the Sensex's positive return of 2.09%. The company's negative book value and weak long-term fundamentals, highlighted by a -28.46% annual growth rate in net sales and a poor EBIT to interest ratio of -0.86, contribute to the stock's downward trend.
Broader Market Context: In the context of the broader market, Unitech's short-term performance has been notably worse than the benchmark, with a 1-week decline of 3.52% compared to the Sensex's minimal decline of 0.47%. This stark contrast indicates that while the overall market has faced slight setbacks, Unitech has struggled significantly more, reflecting investor concerns regarding its financial health and operational performance. The lack of confidence is further emphasized by the minimal stake held by domestic mutual funds, suggesting that institutional investors are wary of the company's prospects, which has likely compounded the stock's recent decline.