Why is Vodafone Idea falling/rising?

As of 31-Jul, Vodafone Idea Ltd. is currently priced at 6.91, reflecting a decrease of 0.09 or 1.29%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 4.03% during this period. Over the past week, the stock has dropped by 6.24%, and it has shown a significant decline of 57.53% over the past year. The company is trading below all key moving averages, indicating a bearish trend. Despite a rise in delivery volume by 37.46% against the 5-day average, the stock's fundamentals are concerning, highlighted by a negative book value and a high debt-to-EBITDA ratio of 9.60 times, which suggests a weak long-term outlook.
In the broader market context, Vodafone Idea's performance has been notably worse than the benchmark, with the Sensex declining only 1.22% over the past week, compared to the stock's 6.24% drop. This stark contrast indicates that investor sentiment towards Vodafone Idea is particularly negative. Additionally, the company's high institutional holdings at 59.13% suggest that knowledgeable investors are wary of the stock's ability to recover, given its reported losses and negative net worth. The overall weak long-term fundamental strength and negative operating profits further contribute to the stock's downward trajectory, making it a risky investment compared to historical valuations.