Why is Tata Tele. Mah. falling/rising?

As of 18-Jul, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at Rs 62.83, which reflects a decrease of 1.21 or 1.89%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 2.74% during this period. Additionally, the stock's performance over the past week shows a decrease of 2.27%, while its year-to-date performance is down by 16.77%. The company's negative book value and high debt levels contribute to its weak long-term fundamental strength, with net sales growth stagnating at an annual rate of 3.95% over the last five years. Furthermore, domestic mutual funds hold only a minimal stake of 0.42%, indicating a lack of confidence in the stock's valuation.
In the broader market context, Tata Teleservices has consistently underperformed against the benchmark, with a one-year return of -35.51% compared to a 0.51% increase in the Sensex. This trend of underperformance extends over the last three years, where the stock has lagged behind the BSE500 in each annual period. The stock's current trading levels are below all major moving averages, suggesting a bearish sentiment among investors. Despite a slight increase in delivery volume, the overall liquidity remains low, further reflecting the market's cautious stance towards the stock.