Why is Vodafone Idea falling/rising?

As of 26-Sep, Vodafone Idea Ltd. is experiencing a decline in its stock price, currently at 8.02, which reflects a decrease of 0.66 or 7.6%. The stock has underperformed its sector today by 6.07%, and its delivery volume has significantly dropped by 46.33% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has decreased by 4.64%, while it has shown a positive return of 19.52% over the last month. However, its long-term performance remains concerning, with a 1-year return of -22.96%, which is substantially worse than the market's decline of -6.30%. The company's negative book value and high debt-to-EBITDA ratio of 9.60 times contribute to its weak long-term fundamental strength, alongside a low average return on equity of 3.89%.
In the broader market context, Vodafone Idea's recent performance contrasts sharply with the benchmark, as it has underperformed the market over the last year, indicating a lack of investor confidence. While the Sensex has shown a modest decline of 2.66% over the past week, Vodafone Idea's significant drop suggests that investors are reacting negatively to its financial health and operational risks. The high institutional holdings at 59.13% may provide some stability, but the company's inability to generate sustainable profits and its negative operating profits make it a risky investment compared to its historical valuations.