Why is T N Telecom. falling/rising?

As of 16-Jul, Tamil Nadu Telecommunications Ltd is experiencing a decline in its stock price, currently at 24.58, reflecting a decrease of 0.5 or 1.99%. The stock has underperformed its sector by 1.65% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 5.86% during this period. Despite a strong long-term performance, with a 151.59% return over the past year and significant outperformance against the BSE500 in various time frames, the company faces challenges such as a negative book value and weak long-term fundamental strength. Additionally, the stock's liquidity has decreased, with delivery volume falling by 85.79% compared to the five-day average, indicating reduced investor participation.
In the broader market context, while Tamil Nadu Telecommunications Ltd has shown impressive returns over the long term, its recent performance contrasts sharply with the benchmark Sensex, which has only gained 1.02% over the past month. The stock's recent struggles are compounded by poor quarterly results, including a significant drop in profit after tax and a negative EBITDA, which raises concerns about its financial health. These factors, combined with high debt levels and stagnant sales growth, contribute to the stock's current decline, despite its historical performance.