Why is Vodafone Idea falling/rising?

As of 22-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.38, reflecting a decrease of 0.26 or 3.4%. The stock has been underperforming, having lost 5.87% over the last four days and showing a negative return of 3.78% over the past week. Additionally, the stock's performance has been poor in the long term, with a staggering 53.64% drop over the past year. Despite having high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, the company faces significant challenges, including a negative book value and a high Debt to EBITDA ratio of 9.60 times, indicating weak long-term fundamental strength.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 0.47% over the past week. The stock's liquidity remains adequate for trading, but a notable drop in delivery volume by 56.09% against the five-day average suggests waning investor interest. Overall, the combination of negative operating profits, a history of losses, and underperformance relative to both the market and its sector contributes to the stock's downward trajectory.