Why is Vodafone Idea falling/rising?

As of 08-Jul, Vodafone Idea Ltd. is currently priced at 7.30, with no change in its stock price (0.00%). The stock has shown a mixed performance recently, with a 1-week decline of 2.14% while it has gained 5.49% over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 8.06% and a staggering 55.94% drop over the past year. Today's trading activity indicates a performance that is inline with the sector, but there is a concerning trend of falling investor participation, as evidenced by a 47.58% decrease in delivery volume compared to the 5-day average. Additionally, the company has high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, suggesting some confidence among institutional investors despite the company's negative book value and high debt-to-EBITDA ratio of 9.60 times.
In the broader market context, Vodafone Idea's recent performance contrasts with the benchmark Sensex, which has seen a slight increase of 0.02% over the past week and a more substantial gain of 7.13% year-to-date. This underperformance highlights the company's struggles, particularly given its negative operating profits and the need for fresh capital or profitability to sustain operations. The stock's risk profile is elevated due to its weak long-term fundamentals, which may deter retail investors, especially in light of its significant losses and negative net worth. Overall, the combination of poor historical returns and current financial challenges contributes to the stock's declining appeal in the market.