Why is Railtel Corpn. falling/rising?

As of 31-Jul, Railtel Corporation of India Ltd's stock price is currently at Rs 367.20, reflecting a decrease of Rs 10.6 or 2.81%. The stock has been on a downward trend, having fallen consecutively for the last two days with a total decline of 4.45%. In terms of performance, the stock has underperformed significantly over the past week and month, with returns of -8.74% and -13.75%, respectively. Additionally, the company's net sales and profits have shown declines compared to previous quarters, contributing to a perception of weak financial performance. Despite a low debt-to-equity ratio and healthy long-term growth in net sales, the stock's valuation appears expensive relative to its return on equity and price-to-book ratio, which may deter investors.
In the broader market context, Railtel's performance has been notably worse than the benchmark, with a one-year return of -26.58% compared to the BSE500's decline of only -3.20%. The telecommunications equipment sector has also faced challenges, evidenced by a sector-wide drop of -3.85%. Furthermore, there has been a decrease in investor participation, with delivery volume falling by 23.52% against the five-day average, indicating waning interest in the stock. While institutional investors have slightly increased their stake, the overall sentiment remains cautious, reflecting the stock's struggles in a challenging market environment.