Why is Tata Tele. Mah. falling/rising?

As of 02-Sep, Tata Teleservices (Maharashtra) Ltd is experiencing a price increase, currently at Rs 58.76, reflecting a rise of 2.79 (4.98%). Today's performance indicates that the stock has outperformed its sector by 5.61% and has gained after five consecutive days of decline, reaching an intraday high of Rs 58.76. However, despite this short-term gain, the stock has shown a significant decline of 38.72% over the past year and has a negative book value, indicating weak long-term fundamental strength. The company has struggled with poor growth in net sales and operating profit, alongside a high debt-to-equity ratio, which raises concerns about its financial stability. Additionally, the limited interest from domestic mutual funds, holding only 0.45% of the company, suggests a lack of confidence in its valuation or business prospects.
In the broader market context, the stock's short-term return of 2.46% over the past week contrasts with the Sensex, which has declined by 0.78% during the same period. This indicates that Tata Teleservices has managed to perform better than the benchmark in the short term, despite its long-term underperformance against the BSE500 over the last three years. The stock's recent upward movement may be attributed to rising investor participation, as evidenced by a 6.89% increase in delivery volume, which could signal renewed interest or speculative trading. However, the overall negative sentiment surrounding its financial health and historical performance continues to pose risks for investors.