Why is Vodafone Idea falling/rising?

As of 14-Jul, Vodafone Idea Ltd. has experienced a price increase, currently trading at 7.70, reflecting a change of 0.54 or 7.54% upward. The stock has outperformed its sector today by 7.09%, with a notable rise in delivery volume, which increased by 10.86% against the 5-day average. Over the past week, the stock has gained 5.48%, and in the last month, it has risen by 15.44%. However, despite these short-term gains, the stock has a negative long-term outlook, with a year-to-date return of -3.02% and a staggering -52.11% over the past year. The company faces significant challenges, including a negative book value and a high Debt to EBITDA ratio of 9.60 times, which raises concerns about its ability to service debt and sustain operations without raising fresh capital or reporting profits.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the benchmark Sensex, which has seen a decline of 1.42% over the past week and a modest gain of 1.40% over the last month. While the stock has shown positive movement in the short term, its long-term performance remains concerning, as it has underperformed the BSE500 over the past three years, one year, and three months. The high institutional holdings at 58.98% indicate confidence from larger investors, but the company's weak fundamental strength and negative operating profits suggest that the stock remains risky despite its recent gains.