Why is Tata Tele. Mah. falling/rising?

As of 16-Sep, Tata Teleservices (Maharashtra) Ltd is experiencing a price increase, currently at 58.74, reflecting a change of 0.99 or 1.71% upward. The stock has shown a positive trend recently, gaining 2.89% over the last two days and outperforming the benchmark Sensex in the past week with a return of 3.03% compared to the Sensex's 1.58%. However, the company faces significant challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Despite the recent gains, the stock has underperformed over the past year, with a decline of 35.48%, indicating ongoing concerns about its financial health and growth prospects.
Broader market context reveals that while Tata Teleservices has shown some short-term resilience, it has consistently underperformed against broader indices over the last three years. The stock's recent performance aligns with a rising investor participation, as indicated by a 63.86% increase in delivery volume, suggesting some renewed interest. However, the overall market sentiment remains cautious due to the company's flat sales results and poor long-term growth metrics, which may deter long-term investors and limit its recovery potential in the broader market.