Why is Vision Cinemas falling/rising?

As of 04-Aug, Vision Cinemas Ltd is experiencing a decline in its stock price, currently at 1.09, which reflects a decrease of 0.01 or 0.91%. The stock has underperformed its sector by 3.54% today, despite the film production, distribution, and entertainment sector gaining by 2.55%. Over the past week, the stock has shown a positive return of 3.81%, but it has significantly underperformed over the longer term, with a year-to-date decline of 19.26% and a one-year return of -14.17%. The company is facing operating losses and has a weak long-term fundamental strength, indicated by a poor EBIT to interest ratio of -0.12 and a low return on equity of 0.38%. Additionally, the stock's valuation appears expensive with a price-to-book value of 0.5, further contributing to investor concerns.
In the broader market context, while the Sensex has gained 0.16% over the past week, Vision Cinemas' performance has been notably weaker, highlighting its consistent underperformance against the benchmark over the last three years. The stock's liquidity is adequate for trading, but the majority of shareholders are non-institutional, which may indicate a lack of confidence from institutional investors. The company's financial struggles, including a significant drop in cash and cash equivalents, coupled with a history of declining profits, suggest that the stock's recent movement is influenced by fundamental weaknesses rather than positive market sentiment.