Why is Vodafone Idea falling/rising?

As of 07-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.30, which reflects a decrease of 0.06 or 0.82%. The stock has underperformed its sector by 1.49% today and has been on a downward trend for the last three days, accumulating a total loss of 3.05% during this period. Over the past week, the stock has decreased by 1.88%, while it has shown a modest increase of 5.49% over the past month. However, the long-term performance is concerning, with a staggering decline of 57.28% 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. Despite high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, the overall sentiment remains negative due to the company's inability to generate profits and service its debt.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 0.20% over the past week and has gained 6.79% year-to-date. This underperformance highlights the stock's struggles compared to the overall market. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume by 46.12% against the 5-day average suggests waning investor interest. The combination of negative operating profits, flat results, and a risky trading environment further exacerbates the stock's challenges, leading to a bearish outlook among investors.