Why is T N Telecom. falling/rising?

As of 07-Jul, Tamil Nadu Telecommunications Ltd is experiencing a price increase, currently at Rs. 21.50, reflecting a rise of 1.02 or 4.98%. The stock has recently hit a new 52-week high and has shown strong performance, gaining 88.76% over the last six days. It has outperformed the sector by 6.28% today and is trading above all key moving averages. However, despite these positive movements, the company has a negative book value and weak long-term fundamentals, with stagnant net sales growth and a high debt-to-equity ratio. Additionally, the company reported a significant drop in profit after tax in its latest quarter, which raises concerns about its financial health.
Broader market context indicates that while Tamil Nadu Telecommunications Ltd has outperformed the Sensex significantly over various periods, including a 117.17% return over the past month compared to the benchmark's 1.53%, the overall market sentiment may be cautious due to the company's underlying financial issues. The stock's recent gains come amid a broader market that has shown a slight decline, as evidenced by the Sensex's performance. Despite the stock's impressive short-term returns, the combination of high debt and negative earnings could lead to increased scrutiny from investors, potentially impacting future price movements.