Why is Vodafone Idea falling/rising?

As of N/A, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.16, which reflects a decrease of 0.18 or 2.45%. Today's Price Summary data is not available, but the stock has shown a negative return of 2.72% over the past week and a positive return of 3.17% over the past month. However, the company has reported significant losses, with a year-to-date decline of 9.82% and a staggering 56.76% drop over the past year. The company's financial health is concerning, as it has a negative book value and a high Debt to EBITDA ratio of 9.60 times, indicating a weak ability to service its debt. Although institutional holdings are high at 58.98%, which suggests confidence from larger investors, the overall negative operating profits and underperformance in both the short and long term raise red flags for potential investors.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of only 1.12% over the past week and a gain of 5.58% year-to-date. This underperformance highlights the company's struggles relative to the market, as it has consistently generated negative returns compared to the BSE500 over various time frames. The combination of high institutional ownership and poor financial fundamentals suggests that while some investors may have confidence in the company's potential, the overall market sentiment remains cautious due to its ongoing financial difficulties and lack of profitability.