Why is E2E Networks falling/rising?

As of 18-Jul, E2E Networks Ltd is experiencing a decline in its stock price, currently at 2,415.50, reflecting a decrease of 66.7 points or 2.69%. The stock has underperformed its sector today by 2.55%, and while it is trading higher than its 100-day moving average, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages. Over the past week, the stock has dropped by 3.48%, and it has seen a significant decline of 40.33% year-to-date, despite a strong performance over the past year with a return of 51.88%. Factors contributing to this decline include a flat performance in the most recent quarterly results, with net sales falling by 16.2% compared to the previous four-quarter average, and a low return on equity of 3, indicating an expensive valuation relative to its book value. Additionally, 56.25% of promoter shares are pledged, which can exert further downward pressure in a falling market. In the broader market context, the Sensex has shown a slight decline of 0.72% over the past week, indicating that the overall market sentiment is relatively stable compared to E2E Networks' more significant drop. The stock's performance over the last month has also been poor, with a decline of 6.91%, contrasting sharply with the Sensex's modest gain of 0.63%. While the company has demonstrated a strong ability to service debt and has a healthy long-term growth trajectory, these positive factors are currently overshadowed by the recent disappointing financial results and high levels of pledged shares, leading to a negative sentiment among investors.