Why is Tata Tele. Mah. falling/rising?

As of 04-Aug, Tata Teleservices (Maharashtra) Ltd is currently priced at 59.07, reflecting an increase of 0.31 or 0.53%. Despite this slight uptick, the stock has underperformed its sector by 1.13% today and has been trading below its moving averages across various time frames. The stock has experienced a trend reversal, gaining after three consecutive days of decline. However, it has shown significant underperformance over the past week, month, year, and three years, with returns of -2.25%, -10.16%, -39.71%, and -45.78% respectively. The company's negative book value and high debt levels contribute to its weak long-term fundamental strength, and the flat results reported for June 25, with net sales at their lowest, further exacerbate concerns about its growth potential.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has shown a slight gain of 0.16% in the past week, Tata Teleservices has declined, highlighting its struggles in a generally stable market environment. The limited interest from domestic mutual funds, holding only 0.45% of the company, suggests a lack of confidence in the stock's valuation and business prospects, reinforcing the perception of risk associated with investing in Tata Teleservices.