Why is Unitech falling/rising?

As of 16-Oct, Unitech Ltd's stock price is currently at 7.08, reflecting a decrease of 0.07, or 0.98%. The stock has underperformed its sector by 2.64% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Unitech has seen a decline of 4.19%, while its year-to-date performance shows a significant drop of 22.71%. The company's negative book value and weak long-term fundamentals, characterized by a -25.50% annual growth rate in net sales and a poor EBIT to interest ratio of -0.86, contribute to its current downward trend. Additionally, the recent negative financial results, including a 28.47% decline in net sales and a substantial loss in profit after tax, further exacerbate investor concerns.
In the broader market context, while the Sensex has increased by 1.58% over the past week, Unitech's performance has been notably poor, indicating a stark contrast to the overall market. The stock has underperformed the market significantly over the last year, with a return of -35.22% compared to the BSE500's negative return of -0.82%. The lack of confidence from domestic mutual funds, which hold only 0.01% of the company, suggests that institutional investors are wary of the stock's valuation and business prospects, reinforcing the negative sentiment surrounding Unitech Ltd.