Why is Tata Tele. Mah. falling/rising?

As of 22-Jul, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at 62.64, reflecting a change of -0.26 (-0.41%). The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a decrease in investor participation, with delivery volume falling by 5.01% compared to the 5-day average. Over the past year, the stock has generated a return of -38.74%, significantly underperforming the benchmark, which has seen a modest gain of 2.09%. The company’s negative book value and high debt levels further contribute to its weak long-term fundamental strength, as evidenced by poor growth in net sales and operating profit.
In the broader market context, Tata Teleservices has underperformed against the benchmark indices consistently over the last three years, with a notable decline of 45.88% compared to the BSE500's gain of 46.57% during the same period. The stock's recent performance aligns with a broader trend of negative sentiment, as domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its valuation or business prospects. Overall, the combination of weak financial fundamentals, declining investor interest, and persistent underperformance relative to the market contributes to the stock's downward movement.