Why is Unitech falling/rising?

As of 22-Sep, Unitech Ltd's stock price is currently at 7.35, reflecting a decline of 0.3, or 3.92%. The stock has recently underperformed its sector by 3.85% and has experienced a trend reversal, falling after three consecutive days of gains. Over the past week, the stock has shown a positive return of 5.76%, but its one-month performance is down by 0.81%. The company has a negative book value and weak long-term fundamentals, with net sales declining at an annual rate of 25.50% and operating profit decreasing by 191.94% over the last five years. Additionally, the company's ability to service its debt is concerning, as indicated by a poor EBIT to interest ratio of -0.86. Despite a recent increase in investor participation, the overall sentiment remains negative due to the company's financial struggles.
Broader market context indicates that while the BSE500 benchmark has generated a negative return of 3.80% over the past year, Unitech's stock has significantly underperformed with a return of -33.00%. This stark contrast highlights the company's ongoing challenges, as domestic mutual funds hold only a minimal stake of 0.01%, suggesting a lack of confidence in the stock's valuation. The broader market has shown some resilience, with a slight gain of 1.05% over the past month, contrasting with Unitech's recent struggles. Overall, the combination of weak financial performance, negative investor sentiment, and underperformance relative to the market contributes to the stock's current decline.