Why is Tata Tele. Mah. falling/rising?

As of 13-Jun, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at Rs 71.65, which reflects a decrease of 5.35 or 6.95%. Today's performance indicates that the stock has underperformed its sector by 6.58%, opening with a loss of 3.48% and reaching an intraday low of Rs 69.1, a drop of 10.26%. Despite a positive return of 24.61% over the past month, the stock has shown a negative trend over the year, with a return of -10.49%. The company faces significant challenges, including a negative book value, weak long-term growth, and high debt levels, which contribute to its classification as a strong sell. Additionally, the low stake held by domestic mutual funds suggests a lack of confidence in the stock's valuation.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 0.72% over the past week while the Sensex has declined by 1.30%. However, the stock's year-to-date performance shows a decline of 5.09%, while the benchmark has increased by 3.81%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in net sales and profits, indicates a challenging environment for Tata Teleservices (Maharashtra) Ltd, leading to its current price decline.