Why is Tata Tele. Mah. falling/rising?

As of 12-Aug, Tata Teleservices (Maharashtra) Ltd is experiencing a rise in its stock price, currently at Rs 59.03, with an increase of 1.31 (2.27%). The stock has been gaining for the last three days, with a total return of 3.53% during this period. It outperformed its sector by 2.79% today and reached an intraday high of Rs 60.6. However, despite this recent uptick, the stock has shown a significant decline over the longer term, with a year-to-date return of -21.80% and a one-year return of -35.32%. The company is facing challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, the recent quarterly results showed a 13.1% decline in net sales compared to the previous four-quarter average, indicating ongoing operational difficulties.
In the broader market context, Tata Teleservices has outperformed the benchmark Sensex in the short term, with a 1-week return of +2.04% compared to the Sensex's -0.59%. However, the stock has consistently underperformed against the benchmark over the past three years, highlighting a troubling trend. The lack of investor participation, as evidenced by a 38.16% drop in delivery volume, suggests that market sentiment remains cautious despite the recent price increase. The small stake held by domestic mutual funds further indicates a lack of confidence in the company's prospects, which could weigh on future performance. Overall, while there is a short-term rise in the stock price, the underlying fundamentals and market sentiment present significant challenges for Tata Teleservices.