Why is T N Telecom. falling/rising?

As of 27-Jun, Tamil Nadu Telecommunications Ltd is experiencing a decline in its stock price, currently at 11.39, which reflects a decrease of 0.62 or 5.16%. Today's price summary indicates that the stock has underperformed its sector by 5.11% and has seen a trend reversal after two consecutive days of gains. Despite trading higher than its moving averages across various time frames, the stock has shown a significant drop in investor participation, with delivery volume falling by 51.3% compared to the five-day average. The company's long-term fundamentals are weak, highlighted by a negative book value, stagnant net sales growth, and a high debt-to-equity ratio, which contribute to the stock's recent downward movement.
In the broader market context, the stock's performance over the past week shows a return of 14.59%, significantly outperforming the Sensex, which returned only 2.00%. However, year-to-date, T N Telecom has underperformed the benchmark, with a decline of 8.00% compared to the Sensex's gain of 7.58%. This disparity indicates that while the stock may have had short-term gains, the overall market sentiment and the company's financial struggles are leading to its current decline. The combination of flat quarterly results, negative EBITDA, and falling profits further exacerbates the stock's risk profile, making it less attractive to investors.