Why is Vodafone Idea falling/rising?

As of 10-Jul, Vodafone Idea Ltd. has seen its stock price rise to 7.34, reflecting an increase of 0.08 or 1.1%. Despite this positive movement today, the stock has underperformed in the longer term, with a one-year return of -55.89% and a year-to-date decline of -7.56%. Today's performance is notable as it outperformed the telecommunications sector by 3.48%, although the sector itself has fallen by 2.35%. The stock is currently trading above its 20-day, 50-day, and 100-day moving averages, yet it remains below its 5-day and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 46.92% compared to the five-day average. High institutional holdings at 58.98% may provide some support, as these investors have increased their stake by 21.34% over the previous quarter, indicating confidence in the company's potential despite its challenges.
Broader market context shows that while Vodafone Idea's stock has risen today, its short-term performance of -2.00% over the past week contrasts sharply with the Sensex, which has only declined by 0.06%. This indicates that the stock's recent uptick may not be indicative of a broader recovery, especially given its weak long-term fundamentals, including a negative book value and a high Debt to EBITDA ratio of 9.60 times. The company's ongoing losses and negative net worth raise concerns about its ability to sustain operations without raising fresh capital or achieving profitability. Overall, while there may be short-term gains, the long-term outlook remains precarious, reflecting a broader trend of underperformance relative to the market.