Why is Tata Tele. Mah. falling/rising?

As of 18-Nov, Tata Teleservices (Maharashtra) Ltd is experiencing a decline in its stock price, currently at Rs 52.61, reflecting a decrease of -1.14 (-2.12%). The stock has underperformed significantly today, falling for the last two consecutive days and showing a total decline of -2.59% during this period. It is also trading close to its 52-week low, just 4.94% above Rs 50.01. The company's performance has been poor, with a -30.31% return year-to-date and a -21.96% return over the past year, indicating consistent underperformance against the benchmark indices. The company’s negative book value and high debt levels contribute to its weak long-term fundamental strength, which is reflected in its flat sales and operating profit growth over the last five years.
In the broader market context, Tata Teleservices has underperformed the Sensex, which has shown a positive return of +0.96% over the past week, while the stock itself has declined by -2.68%. This trend of underperformance is consistent, as the stock has lagged behind the benchmark in each of the last three annual periods. The low participation from domestic mutual funds, holding only 0.48% of the company, suggests a lack of confidence in the stock's valuation and business prospects. Overall, the combination of poor financial performance, high debt, and negative investor sentiment has contributed to the stock's downward trajectory.