Why is Vindhya Telelink falling/rising?

As of 31-Jul, Vindhya Telelinks Ltd's stock price is currently at Rs 1,575.00, reflecting an increase of Rs 5.0 or 0.32%. Today, the stock opened with a significant loss of 4.76%, reaching an intraday low of Rs 1,495.3 before recovering to its current price. Despite this recovery, the stock has underperformed in the short term, with a 1-week return of -5.45% compared to the Sensex's -1.22%. Over the past year, Vindhya Telelinks has seen a dramatic decline of 49.32%, indicating ongoing challenges, particularly as the company has reported negative results for the last four consecutive quarters and a significant drop in profits by 28.3%. The stock is trading at a discount compared to its peers, but its weak long-term fundamentals and low profitability per unit of shareholders' funds contribute to a bearish outlook.
In the broader market context, Vindhya Telelinks has underperformed relative to the benchmark, with a year-to-date return of -16.58% against the Sensex's positive return of 3.90%. This stark contrast highlights the company's struggles in a generally recovering market. The falling investor participation, evidenced by a 46.94% drop in delivery volume, further suggests a lack of confidence among investors. While the stock has outperformed its sector today, the overall trend remains negative, compounded by weak long-term growth and profitability metrics, which may deter potential investors.