Why is Vodafone Idea falling/rising?

As of 15-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.67, reflecting a decrease of 0.03 or 0.39%. The stock has shown a mixed performance in recent periods, with a 5.07% increase over the past week and a 14.99% rise over the past month, although it has underperformed significantly over the longer term, with a 54.02% drop in the past year. Today's performance indicates that the stock has underperformed its sector by 0.98%, despite a notable increase in delivery volume by 253.4% compared to the 5-day average. The company's high institutional holdings at 58.98% suggest a level of confidence among larger investors, although the increase in their stake by 21.34% over the previous quarter contrasts with the company's negative book value and high Debt to EBITDA ratio of 9.60 times, which raises concerns about its long-term viability.
In the broader market context, Vodafone Idea's recent short-term return of 5.07% over the past week stands in stark contrast to the Sensex, which has declined by 1.36% during the same period. However, the stock's long-term performance remains troubling, as it has underperformed the benchmark indices over the past year and three years. The company's negative operating profits and inability to service debt effectively contribute to a perception of risk among investors, overshadowing the recent uptick in trading volume and institutional interest. Overall, while there are some positive indicators in the short term, the underlying financial challenges and poor long-term performance continue to weigh heavily on the stock's outlook.