Why is Tata Tele. Mah. falling/rising?

As of 24-Sep, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at 56.52, which reflects a decrease of -0.37 or -0.65%. The stock has been on a downward trend, losing value for the last six consecutive days and showing a total decline of -3.78% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the stock has shown significant underperformance, with a -25.13% decline year-to-date and a staggering -49.22% drop over the last three years. The company's negative book value and weak long-term growth, evidenced by a mere 4.31% annual growth in net sales over the past five years, further contribute to its declining stock performance.
In the broader market context, Tata Teleservices has underperformed the benchmark Sensex, which has gained 4.58% year-to-date, while the stock has dropped significantly. The stock's recent performance is also reflected in the falling investor participation, with delivery volume decreasing by -42.5% against the 5-day average, suggesting a lack of confidence among investors. The company's high debt levels and flat results in the most recent quarter, where net sales fell by -13.1%, add to the negative outlook. Despite the company's substantial size, domestic mutual funds hold only a minimal stake of 0.45%, indicating a lack of comfort with the stock's current valuation and business prospects.