Why is Vodafone Idea falling/rising?

As of 07-Oct, Vodafone Idea Ltd. is experiencing a price increase, currently trading at 9.19, which reflects a change of 0.72 or 8.5% upward. The stock has shown strong performance today, outperforming its sector by 6.65%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has risen by 12.90%, and in the last month, it has increased by 26.93%. However, despite these positive movements, the company faces challenges, including a negative book value and a high Debt to EBITDA ratio of 9.60 times, which indicates a weak long-term fundamental strength and low profitability per unit of shareholders' funds.
In the broader market context, Vodafone Idea's recent performance stands out against the Sensex, which has only increased by 2.07% over the past week and 1.51% over the past month. The stock's rising investor participation, evidenced by a 36.39% increase in delivery volume, suggests growing interest among investors, particularly institutional investors who hold 59.13% of the stock. However, the company’s negative operating profits and low return on equity of 3.89% highlight ongoing risks that could impact future performance, despite the current upward price movement.