Why is M T N L falling/rising?

As of 18-Sep, Mahanagar Telephone Nigam Ltd's stock price is currently at 45.21, reflecting a slight decrease of 0.03 or 0.07%. The stock has experienced a trend reversal, falling after three consecutive days of gains. Despite being higher than the 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. The stock has shown a 1.25% increase over the past week and a 4.94% increase over the past month, but it has significantly underperformed over the year with a decline of 17.86%. The company has declared negative results for the last two consecutive quarters, which, combined with a negative book value and a high debt-to-equity ratio, indicates weak long-term fundamental strength. This has contributed to the stock's recent downward movement.
In the broader market context, while the Sensex has increased by 1.80% over the past week and 2.14% over the past month, Mahanagar Telephone Nigam Ltd's performance has been relatively stagnant, particularly in the long term, where it has fallen by 10.24% year-to-date compared to the benchmark's 6.24% increase. The stock's liquidity is adequate, with a delivery volume that has risen significantly, but the lack of domestic mutual fund investment suggests a lack of confidence in the company's prospects. Overall, the stock's recent decline can be attributed to its poor financial fundamentals and underperformance relative to the broader market.