Why is Vodafone Idea falling/rising?

As of 18-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.72, down by 0.04 or 0.52%. The stock has been losing for the last two days, resulting in a total return of -1.53% during this period. Despite a recent outperformance against its sector by 0.79%, the stock's delivery volume has decreased significantly, falling by 45.19% compared to the five-day average. Over the past week, Vodafone Idea has shown a positive return of 7.82%, but it remains down 2.77% year-to-date and has suffered a substantial loss of 52.58% over the past year. The company has a negative book value and a high Debt to EBITDA ratio of 9.60 times, indicating weak long-term fundamental strength, which may be contributing to investor concerns.
In the broader market context, Vodafone Idea's short-term performance has been relatively strong compared to the benchmark, as it has outperformed the Sensex by 7.82% over the past week, while the benchmark has declined by 0.90%. However, the stock's long-term performance remains troubling, with a significant underperformance against the BSE500 over the past three years and a negative net worth that raises red flags for potential investors. The high institutional holdings at 58.98% suggest that informed investors are closely monitoring the company's fundamentals, but the overall sentiment appears cautious due to the company's ongoing financial struggles and the need for capital or profitability to sustain operations.