Why is Vodafone Idea falling/rising?

As of 03-Nov, Vodafone Idea Ltd. is experiencing a price increase, currently at 9.54, reflecting a change of 0.81 or 9.28% upward. The stock has outperformed its sector by 7.71% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. Despite a recent decline in investor participation, with delivery volume falling by 59.45% against the 5-day average, the stock benefits from high institutional holdings at 59.74%, which have increased by 0.61% over the previous quarter. However, the company faces challenges, including a negative book value and a high Debt to EBITDA ratio of 9.60 times, which raises concerns about its long-term fundamental strength and ability to service debt.
In the broader market context, Vodafone Idea's performance over the past month shows an increase of 8.04%, significantly outperforming the Sensex, which rose by 3.41% during the same period. While the stock has generated a return of 12.90% over the past year, its profits have only risen by 9.9%, indicating a potential risk as the stock is trading at a higher valuation compared to its historical averages. This combination of strong short-term performance against a backdrop of fundamental weaknesses suggests that while the stock is currently rising, it may face challenges ahead if the company does not improve its financial health.