Why is Network People falling/rising?

As of 25-Jun, Network People Services Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,888.00, which reflects a decrease of Rs 43.5 or 2.25%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 10.73%. Additionally, it is trading close to its 52-week low, just 2.67% above Rs 1,837.55. The stock's performance over the past week shows a significant drop of 9.62%, while the benchmark Sensex has gained 1.61% during the same period. Despite a low debt-to-equity ratio and healthy long-term growth in net sales and operating profit, the recent negative financial results, including a 44.7% drop in net sales and a 55.3% decline in profit before tax, have contributed to the stock's downward movement.
In the broader market context, Network People's short-term performance has significantly lagged behind the Sensex, which has shown positive returns. The stock's recent struggles are compounded by its high valuation relative to peers, with a price-to-book value of 35.3, indicating it is trading at a premium. Although there has been an increase in investor participation, as evidenced by a rise in delivery volume, the overall sentiment remains negative due to disappointing quarterly results and a lack of substantial growth in profits relative to its valuation. This combination of factors is leading to a bearish outlook for the stock in the current market environment.