Why is E2E Networks falling/rising?

As of 21-Jul, E2E Networks Ltd is experiencing a decline in its stock price, currently at 2,409.20, down by 6.3 points or 0.26%. The stock has shown mixed performance in recent periods, with a 1-week return of -1.12% and a 1-month return of -4.00%, while it has outperformed the sector today by 1.89%. Despite a strong long-term growth trajectory, with net sales growing at an annual rate of 46.77% and operating profit at 92.87%, the company has faced challenges such as a significant drop in quarterly net sales by 16.2% compared to the previous four-quarter average. Additionally, the stock's valuation appears expensive with a price-to-book ratio of 3, and a high percentage of promoter shares (56.25%) are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, the Sensex has shown a slight increase of 0.03% over the past week, contrasting with E2E Networks' negative return. The stock's performance has been notably poor year-to-date, with a decline of 40.48%, while the benchmark has gained 6.12%. This underperformance relative to the market may be contributing to investor sentiment that is cautious, especially given the recent flat results and the company's low return on equity of 3. Overall, while E2E Networks has demonstrated strong historical returns, current financial metrics and market conditions suggest a challenging environment for the stock.