Why is Vodafone Idea falling/rising?

As of 24-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.37, which reflects a decrease of 0.12 or 1.6%. The stock has underperformed its sector today by 1.11%, and its delivery volume has significantly decreased by 45.79% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 5.03%, and it has shown a substantial decline of 52.70% over the past year. The company is facing challenges, including a negative book value and a high debt-to-EBITDA ratio of 9.60 times, which raises concerns about its long-term fundamental strength and ability to service debt. Despite having high institutional holdings at 59.13%, which suggests some level of confidence from sophisticated investors, the overall outlook remains negative due to reported losses and a weak financial position.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has gained 5.18% year-to-date. The stock's performance over the last month shows a modest increase of 7.28%, but this is overshadowed by its significant long-term decline. The company's flat results in March 2025 and negative operating profits further contribute to its risky profile, making it less attractive to investors. Overall, the combination of poor short-term performance, negative financial indicators, and underwhelming long-term returns has led to a downward trend in Vodafone Idea's stock price.