Why is M T N L falling/rising?

As of 05-Aug, Mahanagar Telephone Nigam Ltd (MTNL) is currently priced at 45.38, showing no change (0.00%). The stock has been underperforming, having fallen consecutively for the last six days with a total decline of 6.82%. In the past week, MTNL has underperformed its sector by 1.08%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also decreased significantly, with a 24.62% drop compared to the 5-day average, suggesting a decline in investor participation. Over the longer term, the stock has experienced a substantial decline of 36.42% over the past year, while it has shown a positive return of 87.52% over the last three years.
Broader Market Context: In comparison to the benchmark Sensex, which has gained 3.29% year-to-date, MTNL's year-to-date performance is down by 9.91%. This stark contrast highlights the stock's struggles relative to the broader market. While the Sensex has shown positive movement, MTNL's significant underperformance over various time frames, including a 9.69% decline over the past month and a 5.64% drop over the past week, reflects a challenging environment for the company. The lack of available positive factors further emphasizes the difficulties MTNL is facing in the current market landscape.