Why is Tata Tele. Mah. falling/rising?

As of 19-Aug, Tata Teleservices (Maharashtra) Ltd is experiencing a price increase, currently at 59.35, reflecting a change of 0.8 or 1.37% upward. The stock has shown a performance improvement today, outperforming its sector by 0.44% and marking a consecutive gain over the last two days with a total return of 1.45%. However, despite this short-term gain, the stock has underperformed over the past month with a decline of 5.54% and a significant year-to-date drop of 21.38%. The company faces challenges, including a negative book value and weak long-term growth, as evidenced by stagnant net sales and operating profit over the past five years. Additionally, the stock's high debt levels and poor performance in the last year, where it generated a return of -36.33%, contribute to its perception as a risky investment.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 1.76% over the past week. This underperformance is consistent with the stock's trend over the last three years, where it has consistently lagged behind the BSE500. The declining investor participation, indicated by a significant drop in delivery volume, further highlights the lack of confidence among investors. Despite the stock's liquidity being adequate for trading, the small stake held by domestic mutual funds suggests a lack of comfort with the company's valuation and business prospects, reinforcing the notion that Tata Teleservices (Maharashtra) Ltd is facing significant challenges that could hinder its recovery in the long term.