Why is Tata Tele. Mah. falling/rising?

As of 18-Sep, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at 57.81, which reflects a decrease of 0.43 or 0.74%. The stock has underperformed its sector by 0.76% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.58%. Additionally, the stock's performance over the past year shows a significant drop of 34.57%, with a negative book value indicating weak long-term fundamental strength. The company has also reported poor growth metrics, with net sales growing at an annual rate of only 4.31% and operating profit stagnating at 0% over the last five years. The high debt levels, reflected in a debt-to-equity ratio of 0, further exacerbate the stock's risk profile.
In the broader market context, the stock's short-term performance over the past week shows a gain of 1.19%, but this is overshadowed by the benchmark Sensex, which has risen by 1.80% in the same period. The stock's year-to-date performance is notably poor, with a decline of 23.42% compared to the Sensex's increase of 6.24%. This consistent underperformance against the benchmark over the last three years, coupled with a low level of domestic mutual fund investment at only 0.45%, suggests a lack of confidence in the company's future prospects. Overall, the combination of weak financial fundamentals, declining investor participation, and poor relative performance to the market contributes to the stock's downward movement.