Why is T N Telecom. falling/rising?

As of 24-Jun, Tamil Nadu Telecommunications Ltd is experiencing a decline in its stock price, currently at 11.22, reflecting a decrease of 0.7 or 5.87%. Today's performance indicates that the stock has underperformed its sector by 6.76%, following a trend reversal after two consecutive days of gains. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the stock has shown a negative book value and weak long-term fundamental strength, with net sales growth stagnating at 0% and a high debt-to-equity ratio. Additionally, the company's recent financial results have been disappointing, with a significant drop in profit after tax and negative EBITDA, contributing to the stock's downward movement.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week and month, with returns of 13.33% and 13.56%, respectively, compared to the Sensex's 0.58% and 0.41%. However, year-to-date, T N Telecom has underperformed the benchmark, with a return of -9.37% against the Sensex's 5.01%. This contrast highlights the stock's volatility and the challenges it faces despite recent short-term gains, as investor sentiment may be influenced by the company's weak financial fundamentals and the overall market conditions.