Why is Vodafone Idea falling/rising?

As of 03-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.49, which reflects a decrease of 0.04 or 0.53%. The stock has shown a trend reversal after seven consecutive days of gains, indicating a potential shift in investor sentiment. Despite this recent downturn, the stock has performed positively over the past week, gaining 3.31%, and over the past month, it has increased by 10.47%. However, it has significantly underperformed over the longer term, with a year-to-date return of -5.67% and a staggering -57.10% over the past year. The stock's current performance is also characterized by a decrease in delivery volume, which has fallen by 10.64% against the five-day average, suggesting reduced investor participation.
In the broader market context, Vodafone Idea's recent performance contrasts with the benchmark Sensex, which has gained 3.10% over the past month. The company has high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, indicating some level of confidence among institutional investors despite the company's negative book value and high debt-to-EBITDA ratio of 9.60 times. The stock is considered risky due to negative operating profits and a low return on equity of 3.89%, which reflects weak long-term fundamental strength. Overall, while there are some short-term gains, the long-term outlook remains bleak, contributing to the stock's current decline.