Why is Vodafone Idea falling/rising?

As of 27-Jun, Vodafone Idea Ltd. is experiencing a rise in its stock price, currently at 7.38, with a change of 0.13, reflecting a 1.79% increase. The stock has shown a strong performance recently, gaining 12.67% over the last four days and outperforming its sector by 1.11%. However, despite this short-term gain, the stock has a negative long-term outlook, with a year-to-date decline of 7.05% and a staggering 60.15% drop over the past year. The company has high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, indicating confidence from larger investors. Nonetheless, the company faces significant challenges, including a negative book value and a high Debt to EBITDA ratio of 9.60 times, which raises concerns about its long-term fundamental strength and ability to service debt.
In the broader market context, Vodafone Idea's recent short-term return of 12.50% over the past week significantly outpaces the benchmark Sensex, which has only increased by 2.00% during the same period. While the stock has shown some positive momentum, it remains risky due to its negative operating profits and below-par performance compared to the BSE 500 over the last three years. The stock's liquidity is adequate for trading, but the falling investor participation, as indicated by a 17.11% decrease in delivery volume, suggests that interest may be waning despite the recent gains. Overall, while there are short-term positive movements, the long-term outlook remains concerning, which could affect future performance.