Why is Unitech falling/rising?

As of 04-Aug, Unitech Ltd's stock price is currently at 7.08, reflecting a decrease of 0.05, or 0.7%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.1% during this period. In terms of returns, Unitech has experienced a significant drop of 34.99% over the past year, while its performance over the last month shows a decline of 13.87%. The company's weak long-term fundamentals are highlighted by a negative book value and poor growth metrics, including a net sales decline of 28.46% annually and a negative EBIT to interest ratio of -0.86. Additionally, domestic mutual funds hold only a minimal stake of 0.01%, indicating a lack of confidence in the stock's valuation.
Broader market context shows that while the Sensex has gained 0.16% over the past week, Unitech's stock has decreased by 0.56% in the same timeframe, illustrating its underperformance relative to the benchmark. The stock's liquidity is deemed sufficient for trading, but the falling delivery volume, which has decreased by 28.24% against the five-day average, suggests waning investor interest. Overall, the combination of negative financial indicators, poor recent performance, and low institutional confidence contributes to the stock's downward trajectory in the market.