Why is M T N L falling/rising?

As of 09-Sep, Mahanagar Telephone Nigam Ltd's stock price is currently at 44.36, reflecting a decrease of 0.32, or 0.72%. The stock has been underperforming, having lost 1.62% over the last two days and showing a negative performance today, underperforming its sector by 1.11%. The stock's recent returns indicate a 1.26% increase over the past week, but it has significantly underperformed over the year with a decline of 19.91%. Key negative factors impacting the stock include a negative book value, weak long-term growth, and high debt levels, with net sales and profit after tax both showing a decline of 40.03% in the latest six months. Additionally, the stock has been trading at risky valuations, and domestic mutual funds hold no stake, suggesting a lack of confidence in the company's prospects.
In the broader market context, the stock's performance over the past year contrasts sharply with the benchmark, as the Sensex has only declined by 0.56% during the same period. While the stock has shown some resilience in the short term with a 1.26% gain over the past week, it remains significantly behind the benchmark's 1.18% increase. The overall market has generated negative returns of 2.87% in the last year, yet Mahanagar Telephone Nigam Ltd's decline has been much steeper, indicating a lack of investor confidence and highlighting the company's ongoing struggles in terms of financial performance and market perception.