Why is Railtel Corpn. falling/rising?

As of 03-Sep, Railtel Corporation of India Ltd is experiencing a decline in its stock price, currently at 348.60, which reflects a decrease of 2.2 points or 0.63%. The stock has underperformed its sector by 0.84% today and has seen a trend reversal after two consecutive days of gains. In terms of returns, the stock has shown a slight increase of 1.34% over the past week, but it has declined by 1.44% over the past month and significantly by 29.73% over the past year. The company's financial performance has been mixed, with net sales and profits falling in the latest quarter compared to previous averages, contributing to a perception of an expensive valuation despite a low debt-to-equity ratio and healthy long-term growth in net sales.
Broader market context indicates that while the stock has underperformed the market significantly over the past year, the benchmark Sensex has only declined by 2.41%. The stock's recent performance contrasts with the broader market, which has shown resilience, as evidenced by a 3.11% year-to-date return for the Sensex. Additionally, the increase in institutional investor participation, which has risen by 0.67% in the last quarter, suggests some confidence in the company's fundamentals, although this has not yet translated into positive stock performance. Overall, the combination of disappointing quarterly results and a high PEG ratio has led to a negative sentiment surrounding the stock, contributing to its current decline.