Why is Vodafone Idea falling/rising?

As of 02-Jul, Vodafone Idea Ltd. is currently priced at 7.53, reflecting an increase of 0.07 or 0.94%. The stock has shown a positive trend, gaining 14.96% over the last seven days, which is notable given its recent performance. However, despite this short-term gain, the stock has underperformed significantly over longer periods, with a year-to-date decline of 5.16% and a staggering 55.78% drop over the past year. The company's high institutional holdings at 58.98% and a 21.34% increase in their stake over the previous quarter suggest a level of confidence among these investors, yet the company’s negative book value and high debt-to-EBITDA ratio of 9.60 times indicate serious long-term fundamental weaknesses that could be weighing on investor sentiment.
In the broader market context, Vodafone Idea's recent performance stands out against the benchmark Sensex, which has risen by 0.79% over the past week. While the stock's short-term gains are impressive, they are juxtaposed against a backdrop of poor long-term performance, as evidenced by its negative returns over the past year and three years compared to the Sensex's positive returns. The stock's liquidity remains adequate for trading, but the falling delivery volume indicates a potential decline in investor participation, which could hinder sustained upward momentum. Overall, while there are short-term gains, the long-term outlook remains challenging, contributing to a complex picture of the stock's performance.