Why is Railtel Corpn. falling/rising?

As of 04-Sep, Railtel Corporation of India Ltd is experiencing a decline in its stock price, currently at Rs 344.20, which reflects a decrease of Rs 4.4 or 1.26%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 1.88%. Despite a recent weekly gain of 2.35%, the stock has shown a significant decline of 6.52% over the past month and a staggering 30.50% over the past year. The company's recent financial results have not been favorable, with net sales and profits falling compared to previous quarters, contributing to a perception of an expensive valuation with a high Price to Book Value ratio. However, there is a positive aspect as institutional investors have increased their stake, indicating a level of confidence in the company's long-term growth potential.
In the broader market context, the stock's performance contrasts with the Sensex, which has gained 0.80% over the past week. While Railtel's recent weekly performance is positive, its longer-term returns are concerning, particularly with a year-to-date decline of 14.82% compared to the Sensex's increase of 3.30%. The stock's liquidity remains adequate, and there has been a rise in investor participation, but these factors have not been enough to offset the negative sentiment stemming from disappointing financial results and a significant underperformance relative to the market.