Why is Network People falling/rising?

As of 18-Jul, Network People Services Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,902.00, reflecting a decrease of Rs 17.0 or 0.89%. The stock has underperformed its sector by 0.79% today and has been on a consecutive fall for the last four days, resulting in a total decline of 6.58% during this period. Notably, the stock hit a new 52-week low of Rs 1,829.95 today. The trading activity indicates a significant drop in investor participation, with delivery volume falling by 61.65% compared to the five-day average. Additionally, the stock is trading below all its moving averages, suggesting a bearish trend. Despite a low debt-to-equity ratio and strong long-term growth in net sales and operating profit, negative quarterly results have raised concerns. The company reported a 44.7% decline in net sales and a 55.3% drop in profit before tax compared to previous quarters, contributing to the stock's downward pressure.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.72% compared to the Sensex's -0.90%. This underperformance highlights the stock's struggles relative to the overall market, which has shown slight positive movement over the past month with a 0.38% gain. The company's valuation appears expensive, with a price-to-book ratio of 35.6, further complicating its market position. While the stock has maintained a zero return over the past year, the significant growth in profits juxtaposed with declining sales figures raises questions about its sustainability, contributing to investor caution.