Why is Vodafone Idea falling/rising?

As of 16-Jul, Vodafone Idea Ltd. has seen its stock price rise to 7.84, reflecting an increase of 0.17 or 2.22%. The stock has outperformed its sector today by 1.97%, and its performance over the past week shows a notable increase of 7.99%. However, despite this short-term gain, the stock has a concerning long-term trajectory, with a year-to-date return of -1.26% and a staggering decline of -53.31% over the past year. The company has high institutional holdings at 58.98%, which have increased by 21.34% in the previous quarter, indicating a level of confidence among institutional investors. Nonetheless, 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 long-term viability.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the Sensex, which has shown a slight increase of 1.02% over the past month. While the stock has gained in the short term, its long-term performance remains underwhelming, having underperformed the BSE500 over the last three years, one year, and three months. The stock's liquidity is adequate for trading, but the falling investor participation, with a delivery volume decrease of 42.7% against the five-day average, suggests waning interest. Overall, while there are some positive short-term movements, the underlying financial weaknesses and negative operating profits present significant risks for investors.