Why is Vodafone Idea falling/rising?

As of 04-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.36, which reflects a decrease of 0.13 or 1.74%. The stock has underperformed its sector today by 1.5% and has been on a downward trend for the last two days, accumulating a total loss of 2.26% during this period. Over the past week, the stock has decreased by 0.27%, while it has shown a modest increase of 6.51% over the past month. However, the year-to-date performance remains poor, with a decline of 7.30%, and an alarming drop of 57.97% over the past year. The company has a negative book value and a high Debt to EBITDA ratio of 9.60 times, indicating weak long-term fundamental strength and low profitability, which contributes to the stock's recent struggles.
In the broader market context, Vodafone Idea's short-term performance has been better than the benchmark Sensex, which has declined by 0.74% over the past week. However, the stock's long-term performance is concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The high institutional holdings at 58.98% suggest that these investors, who typically have better analytical capabilities, are still investing in the company, as their stake has increased by 21.34% over the previous quarter. Despite this, the stock's negative operating profits and below-par performance in both the long term and near term indicate significant risks, leading to its current downward trajectory.