Why is Vodafone Idea falling/rising?

As of 30-Jul, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 7.00, which reflects a decrease of 0.2 or 2.78%. The stock has underperformed its sector by 3.26% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 6.54%, and it has also shown significant underperformance over the past year with a return of -56.84%. The company is facing challenges such as a negative book value and a high debt-to-EBITDA ratio of 9.60 times, which raises concerns about its ability to service debt. Additionally, the stock has reported losses and negative net worth, which are detrimental to investor confidence. Despite high institutional holdings at 59.13%, the overall sentiment remains negative due to these fundamental weaknesses.
In the broader market context, Vodafone Idea's short-term performance has been notably worse than the benchmark, with the Sensex declining by only 1.50% over the same week. This stark contrast highlights the stock's struggles relative to the market. The company's liquidity appears sufficient for trading, but the falling investor participation, as evidenced by a 19.01% drop in delivery volume, suggests waning interest among traders. Overall, the combination of poor financial health, negative operating profits, and significant underperformance compared to both the market and its sector contributes to the stock's downward trajectory.