Why is E2E Networks falling/rising?

As of 18-Aug, E2E Networks Ltd is experiencing a price increase, currently at 2,104.00, reflecting a rise of 40.4 or 1.96%. The stock's performance today is in line with the sector, although it is higher than the 5-day moving averages but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 3.69%, contrasting with a decline of 12.90% over the past month. Despite this recent uptick, the company has shown poor long-term growth, with operating profit declining at an annual rate of 24.12% over the last five years. Additionally, the company reported negative results in June 2025, with significant drops in profit before tax and net sales compared to previous quarters. The high percentage of pledged promoter shares, now at 60.39%, adds to the downward pressure on the stock.
In the broader market context, E2E Networks' recent short-term performance of +3.69% over the past week outpaces the Sensex's gain of +1.19% during the same period. However, the stock's year-to-date performance remains concerning, with a decline of 48.02% compared to the Sensex's increase of 5.21%. The company's ability to service debt is a positive aspect, as indicated by a low Debt to EBITDA ratio of 0.70 times, but this is overshadowed by the overall negative sentiment due to poor financial results and high promoter share pledges. Thus, while there is a slight rise in stock price recently, the long-term outlook remains bleak, contributing to a cautious investor sentiment.