Why is Unitech falling/rising?

As of 21-Aug, Unitech Ltd's stock price is currently at 7.08, reflecting a decrease of 0.02, or 0.28%. The stock has underperformed its sector by 0.8% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, Unitech has seen a slight increase of 0.43%, but its performance over the last month has been significantly negative, with a decline of 10.15%. The company has a negative book value and weak long-term fundamental strength, evidenced by a poor growth rate in net sales and operating profit over the last five years. Additionally, the company's ability to service its debt is concerning, as indicated by a negative EBIT to interest ratio. Despite a rise in investor participation, the overall sentiment remains negative due to the company's substantial losses and low mutual fund holdings.
In the broader market context, Unitech's performance has been notably worse than the benchmark, with a year-to-date decline of 22.71% compared to a 4.94% gain in the Sensex. Over the past year, while the market has experienced a slight decline of 1.56%, Unitech's stock has plummeted by 27.98%, highlighting its significant underperformance. This stark contrast in returns suggests that investor confidence in Unitech is waning, further exacerbated by the company's financial struggles and lack of institutional support.