Why is Vodafone Idea falling/rising?

As of 18-Sep, Vodafone Idea Ltd. is currently priced at 7.85, reflecting an increase of 0.07 or 0.9%. The stock has shown a positive trend recently, gaining after two consecutive days of decline. It has outperformed its sector by 0.88% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 5.80%, and in the last month, it has risen by 21.52%. However, despite these short-term gains, the company has a negative book value and a high Debt to EBITDA ratio of 9.60 times, indicating weak long-term fundamental strength. Additionally, the stock has underperformed the market over the past year, with a return of -39.19%.
In the broader market context, Vodafone Idea's recent performance contrasts with the benchmark Sensex, which has gained 1.80% over the past week and 2.14% over the past month. While the stock has shown some recovery in the short term, its long-term outlook remains concerning due to negative operating profits and a low return on equity of 3.89%. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 47.88% against the 5-day average, which may indicate waning interest despite the recent price increase. Overall, while the stock is experiencing a short-term rise, its long-term challenges and recent underperformance relative to the market suggest caution for investors.