Why is Tata Tele. Mah. falling/rising?

As of 21-Jul, Tata Teleservices (Maharashtra) Ltd is currently priced at 62.90, reflecting a slight increase of 0.07, or 0.11%. The stock has shown a trend reversal by gaining after four consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has underperformed significantly over the past year, with a return of -38.40%, and has a negative book value, which suggests weak long-term fundamental strength. Additionally, the company has a high debt-to-equity ratio and has seen a decline in investor participation, with delivery volume dropping by 20.57% against the 5-day average.
In the broader market context, Tata Teleservices has underperformed against the benchmark, with a 1-week return of -2.63% compared to the Sensex's -0.06%. This consistent underperformance over the last three years, coupled with a lack of confidence from domestic mutual funds, which hold only 0.42% of the company, indicates that investors may be cautious about the stock's future prospects. Despite the recent minor uptick, the overall sentiment remains negative due to the company's weak financials and high debt levels, which continue to weigh on its stock performance.