Why is Tata Tele. Mah. falling/rising?

As of 15-Sep, Tata Teleservices (Maharashtra) Ltd is experiencing a price increase, currently at 57.75, reflecting a change of 0.66 or 1.16% upward. Today's price summary indicates that the stock has outperformed its sector by 0.5%, with a notable increase in delivery volume, rising by 54.41% against the 5-day average. However, despite this short-term positive movement, the stock has shown significant underperformance over longer periods, with a year-to-date decline of 23.50% and a staggering 52.61% drop over the past three years. The company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its classification as a strong sell.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex in both the short term and over the past year, with the Sensex gaining 1.24% in the last week and 4.67% year-to-date. This consistent underperformance, coupled with a lack of confidence from domestic mutual funds, which hold only 0.45% of the company, suggests that investors may be wary of the stock's long-term prospects despite its recent uptick in price. Overall, while there is a slight rise in the stock price, the underlying fundamentals and market sentiment remain concerning.