Why is Tata Tele. Mah. falling/rising?

As of 03-Sep, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at Rs 57.76, reflecting a decrease of 1.0 (-1.7%). The stock has underperformed its sector by 1.62% today, reaching an intraday low of Rs 57, which represents a drop of 3%. Over the past week, the stock has shown a slight increase of 0.71%, but it has significantly underperformed over longer periods, with a year-to-date decline of 23.49% and a staggering 39.46% drop over the past year. The company has a negative book value and weak long-term fundamentals, with net sales falling by 13.1% in the last quarter compared to the previous four-quarter average. Additionally, the high debt levels and poor growth metrics contribute to a perception of risk among investors.
In the broader market context, while the Sensex has shown a modest gain of 3.11% year-to-date, Tata Teleservices has consistently underperformed against this benchmark, particularly over the last three years, where it has generated negative returns. The stock's liquidity appears adequate, with a notable increase in delivery volume, but the low stake held by domestic mutual funds suggests a lack of confidence in the company's prospects. This combination of weak financial performance, high debt, and consistent underperformance relative to the market is likely contributing to the downward pressure on the stock price.