Why is Vodafone Idea falling/rising?

As of 28-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.13, which reflects a decrease of 0.08 or 1.11%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of 4.81% during this period. Over the past week, the stock has decreased by 6.68%, and it has also shown significant underperformance over the past year with a staggering return of -55.38%. Despite high institutional holdings at 59.13%, which typically indicates a level of confidence from more knowledgeable investors, the company is facing serious challenges, including a negative book value and a high debt-to-EBITDA ratio of 9.60 times, which raises concerns about its long-term viability.
In the broader market context, Vodafone Idea's performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has seen a decline of only 1.59% over the past week. The telecommunications sector, in which Vodafone Idea operates, has also faced a downturn, falling by 2.18%. This broader sector weakness, combined with the company's negative operating profits and inability to generate positive returns over the long term, contributes to the stock's current downward trajectory. The overall market sentiment appears cautious, particularly given the company's recent losses and the need for fresh capital or profitability to sustain operations moving forward.