Why is Vodafone Idea falling/rising?

As of 09-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.26, which reflects a decrease of 0.04 or 0.55%. The stock's performance today is in line with the sector, but it has shown a negative trend over the past week, with a return of -3.59%. In terms of moving averages, the stock is higher than the 20-day and 50-day averages but lower than the 5-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 37.71% compared to the 5-day average. The company has high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, indicating some level of confidence from 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 short-term performance has underperformed the benchmark, with the Sensex showing a slight gain of 0.15% over the past week. The company's long-term fundamentals are weak, as evidenced by a return of -56.91% over the past year, significantly lagging behind the Sensex's 3.96% gain in the same period. The stock's risky profile is further highlighted by its negative operating profits and inability to service debt, which raises concerns for potential investors. Overall, the combination of poor financial health, declining investor interest, and underperformance relative to the benchmark contributes to the stock's current downward movement.