Why is E2E Networks falling/rising?

As of 14-Jul, E2E Networks Ltd is experiencing a decline in its stock price, currently at 2,436.50, reflecting a decrease of 66.1 points or 2.64%. The stock has underperformed its sector by 4.35% today, and its delivery volume has fallen significantly, down 48.44% against the 5-day average. In terms of returns, the stock has seen a negative performance of 1.97% over the past week and a substantial decline of 39.81% year-to-date, despite a strong annual return of 60.86% over the last year. The company's financial health shows a low Debt to EBITDA ratio of 0.70 times and impressive growth in net sales and operating profit; however, recent quarterly results indicate a drop in net sales by 16.2%, which may be contributing to the current price decline.
In the broader market context, the Sensex has also seen a slight decline of 1.49% over the past week, indicating a challenging environment for stocks in general. While E2E Networks has outperformed the benchmark over the last year, the recent flat results and high promoter share pledging—56.25%—could be adding downward pressure on the stock. The stock's valuation appears expensive with a Price to Book Value of 3.1, and despite its historical performance, the current market sentiment may be weighing heavily on investor confidence, leading to the observed price drop.