Why is Vodafone Idea falling/rising?

As of 21-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.64, which reflects a decrease of 0.08 or 1.04%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.55% during this period. In terms of performance against benchmarks, the stock has shown a negative return of 51.89% over the past year and a decline of 3.78% year-to-date, while the Sensex has increased by 5.20% in the same timeframe. Additionally, the stock's delivery volume has decreased significantly, indicating falling investor participation, which may contribute to the downward price movement. Despite high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, the company's negative book value and weak long-term fundamentals, including a high Debt to EBITDA ratio of 9.60 times, raise concerns among investors.
In the broader market context, Vodafone Idea's short-term performance has been notably weaker than the benchmark, with a 1-week return of -0.78% compared to the Sensex's slight decline of 0.06%. This underperformance is compounded by the company's reported losses and negative net worth, which signal potential risks for investors. The stock's liquidity remains adequate for trading, but the overall sentiment appears to be cautious due to the company's inability to generate positive operating profits and the flat results reported in March 2025. Consequently, these factors contribute to a perception of the stock as a risky investment, further influencing its declining price trend.