Why is Tata Tele. Mah. falling/rising?

As of 17-Sep, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at 58.24, reflecting a decrease of 0.5 or 0.85%. The stock has underperformed its sector by 0.73% today and has shown a trend reversal, falling after two consecutive days of gains. In terms of performance against benchmarks, the stock has generated a return of -35.18% over the past year, significantly underperforming the BSE500 index, which has seen a slight decline of 0.46% in the same period. The company also has a negative book value and a weak long-term fundamental strength, with net sales falling by 13.1% in the latest quarter compared to the previous four-quarter average. Additionally, the stock's high debt levels and poor growth metrics contribute to its current risk profile.
In the broader market context, while the stock has shown a slight increase of 2.07% over the past week, it has consistently underperformed against the benchmark over the last three years, indicating a lack of investor confidence. The rising investor participation, as evidenced by a significant increase in delivery volume, suggests some interest; however, the overall sentiment remains cautious due to the company's financial instability and low mutual fund holdings, which stand at only 0.45%. This combination of factors highlights the challenges Tata Teleservices (Maharashtra) Ltd faces in regaining investor trust and improving its market position.