Why is Tata Tele. Mah. falling/rising?

As of 24-Jul, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at 63.04, reflecting a change of -0.68 (-1.07%). The stock has underperformed its sector by 0.58% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 1.56%, and it has shown a significant decline of 39.38% over the past year. The company has a negative book value and weak long-term fundamental strength, with net sales growth at a mere 4.31% and operating profit growth at 7.26% over the last five years. Additionally, the stock is considered risky due to its negative book value and high debt levels, which may contribute to investor hesitance.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past month, contrasting with Tata Teleservices' decline of 0.94% during the same period. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in profits by 1.8% over the past year, indicates a lack of investor confidence. The low stake held by domestic mutual funds, at only 0.42%, suggests that institutional investors may not be comfortable with the current valuation or the business outlook, further impacting the stock's performance negatively.