Why is Tata Tele. Mah. falling/rising?

As of 25-Jul, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at Rs 61.59, which reflects a decrease of Rs 1.45 or 2.3%. The stock has underperformed its sector by 2.2% today and has been on a downward trend for the last two days, accumulating a total decline of 3.34%. The stock's performance over the past week shows a decrease of 1.97%, and it has significantly underperformed the benchmark Sensex, which has only declined by 0.36%. Key negative factors contributing to this decline include a negative book value, weak long-term growth, and high debt levels, which have led to a lack of investor confidence. Additionally, domestic mutual funds hold a minimal stake in the company, indicating discomfort with its current valuation.
Broader Market Context: In the context of the broader market, Tata Teleservices has consistently underperformed against the benchmark over the last three years, with a staggering 41.94% decline in the past year compared to a 1.78% increase in the Sensex. This stark contrast highlights the company's struggles relative to the overall market performance. The stock's liquidity remains adequate for trading, but the falling investor participation and poor financial fundamentals suggest a challenging environment for recovery, further exacerbating its underperformance compared to the benchmark index.