Why is Unitech falling/rising?

As of 01-Sep, Unitech Ltd's stock price is currently at 7.02, reflecting a decrease of 0.08 or 1.13%. The stock has underperformed its sector today by 2.15%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by 2.36%, and it has experienced a significant drop of 23.36% year-to-date. The company is facing challenges with a negative book value and weak long-term fundamentals, as evidenced by a net sales decline of 25.50% and an operating profit drop of 191.94% over the last five years. Additionally, the company's ability to service its debt is concerning, highlighted by a poor EBIT to interest ratio of -0.86. The negative results reported for the last six months, including a net loss of Rs 901.73 crore, further exacerbate the stock's downward trend.
In the broader market context, Unitech's performance has been notably worse than the benchmark, with a one-year return of -24.60% compared to the BSE500's decline of only -4.75%. This stark contrast indicates that while the overall market has faced challenges, Unitech has struggled significantly more. The lack of confidence from domestic mutual funds, which hold only 0.01% of the company, suggests that institutional investors may not be comfortable with the current valuation or the business's prospects. Overall, the combination of poor financial performance, negative investor sentiment, and underperformance relative to the market contributes to the stock's decline.