Why is M T N L falling/rising?

As of 04-Aug, Mahanagar Telephone Nigam Ltd (MTNL) is experiencing a decline in its stock price, currently at 45.38, which reflects a decrease of 0.22 or 0.48%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -6.45% over that period. Additionally, MTNL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has a negative book value and weak long-term fundamental strength, with net sales declining at an annual rate of -15.53% and operating profit stagnating at 0% over the past five years. Furthermore, the stock is considered risky due to a negative EBITDA and a high debt-to-equity ratio, which has contributed to its poor performance, including a staggering -39.60% return over the past year.
In the broader market context, while the Sensex has shown a slight increase of 0.16% over the past week, MTNL's performance has significantly lagged behind, with a 1-week return of -6.45%. This underperformance is further highlighted by the fact that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its current valuation or business outlook. Despite the overall market generating negative returns of -2.34% in the last year, MTNL's decline has been much steeper, reinforcing the perception of the stock as a strong sell due to its ongoing financial struggles and lack of investor interest.