Why is E2E Networks falling/rising?

As of 28-Jul, E2E Networks Ltd is experiencing a decline in its stock price, currently at 2,032.70, reflecting a decrease of 106.9 points or 5.0%. The stock has underperformed its sector by 1.88% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 15.63%, and it has seen a significant decline of 22.33% over the past month. Additionally, the company reported a negative PAT of Rs -2.84 crore and a decrease in net sales, which has contributed to a perception of poor long-term growth, particularly given the annual operating profit decline of 24.12% over the last five years. Furthermore, 56.25% of promoter shares are pledged, which can exert additional downward pressure on the stock price in a falling market.
In the broader market context, while the Sensex has only declined by 1.63% over the past week, E2E Networks' significant drop indicates a stark underperformance relative to the benchmark. The stock's year-to-date performance shows a staggering decline of 49.78%, contrasting sharply with the Sensex's gain of 4.38%. Despite generating a return of 15.97% over the past year, the company's low return on equity of 2.2 and high price-to-book ratio suggest that the stock is overvalued compared to its peers. The combination of falling investor participation, as evidenced by a 51.52% drop in delivery volume, and the company's recent negative financial results has led to a bearish sentiment surrounding E2E Networks, contributing to its current price decline.