Why is Vodafone Idea falling/rising?

As of 14-Aug, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at Rs. 6.15, which reflects a decrease of Rs. 0.22 or 3.45%. The stock has hit a new 52-week low of Rs. 6.12 today and has underperformed its sector by 3.68%. Over the past three days, the stock has consecutively fallen, resulting in a total decline of 6.96%. Additionally, the stock's performance over the past year shows a significant drop of 61.05%, while it has also underperformed the benchmark indices over various time frames, including a 20.13% decline over the past month. The company is facing challenges with a negative book value and a high debt-to-EBITDA ratio of 9.60 times, indicating a weak long-term fundamental strength.
In the broader market context, Vodafone Idea's short-term performance has been notably worse than the benchmark, with a 1-week return of -8.48% compared to a minimal decline of 0.03% in the Sensex. Despite a rise in investor participation, as evidenced by a 41.29% increase in delivery volume, the overall sentiment remains negative due to the company's ongoing losses and negative net worth. The stock's liquidity is adequate for trading, but the persistent underperformance and negative operating profits suggest that investors are cautious, leading to the stock's continued decline.