Why is Vodafone Idea falling/rising?

As of 23-Jul, Vodafone Idea Ltd. has seen its stock price rise to 7.49, reflecting an increase of 0.11 or 1.49%. Despite this uptick, the stock has underperformed its sector by 0.34% today and has experienced a trend reversal after four consecutive days of decline. Over the past week, the stock has dropped by 4.46%, but it has shown a positive return of 14.35% over the last month. However, the stock's long-term performance remains concerning, with a staggering decline of 50.98% over the past year. The company has high institutional holdings at 58.98%, which have increased by 21.34% over the previous quarter, indicating some confidence from larger investors despite the company's negative book value and high debt levels.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.11% over the past week and 1.01% over the last month. The stock's liquidity remains adequate for trading, but the falling investor participation, indicated by an 8.63% drop in delivery volume, raises concerns about sustained interest. The company's weak long-term fundamentals, characterized by a high Debt to EBITDA ratio and negative operating profits, suggest that while there may be short-term gains, the overall outlook remains risky, particularly given its historical underperformance compared to broader market indices.