Why is Vodafone Idea falling/rising?

As of 01-October, Vodafone Idea Ltd. has seen its stock price rise to 8.53, reflecting an increase of 0.39 or 4.79%. The stock has outperformed its sector today by 5.01%, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive movement, the stock has experienced a decline of 0.81% over the past week, although it has gained 30.43% over the last month. The company has a high institutional holding of 59.13%, indicating that institutional investors, who typically have better resources for analyzing company fundamentals, are backing the stock. Nonetheless, the company faces challenges, including a negative book value and a high Debt to EBITDA ratio of 9.60 times, which suggests weak long-term fundamental strength and low profitability.
In the broader market context, Vodafone Idea's recent performance contrasts with the benchmark Sensex, which has fallen by 0.90% over the past week. While the stock has shown a significant monthly gain, its year-to-date return of 7.43% still lags behind the Sensex's 3.64%. The stock's performance over the last year has been particularly poor, with a decline of 16.21%, significantly underperforming the market's negative return of 3.90%. This underperformance, combined with negative operating profits and a recent drop in investor participation, suggests that while there may be short-term gains, the long-term outlook remains precarious for Vodafone Idea.