Why is Network People falling/rising?

As of 27-Oct, Network People Services Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,820.00, which reflects a decrease of Rs 83.0 or 4.36%. The stock has underperformed its sector by 4.77% today and has been on a downward trend for the last three days, accumulating a total loss of 9.34%. It is also trading close to its 52-week low, just 1.92% away from Rs 1,785.05. The stock's performance over the past week shows a decline of 6.29%, while the benchmark Sensex has gained 0.49%. The company has reported negative results for the last two consecutive quarters, with a significant drop in net sales by 22.36%, contributing to the current bearish sentiment. Additionally, the reduction in promoter stake by 2.75% may indicate a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has shown a positive return of 5.41% over the past month, Network People has declined by 4.92% in the same period. This stark contrast highlights the stock's struggles relative to the overall market performance. Despite some positive indicators such as high management efficiency and healthy long-term growth rates, the recent financial results and declining promoter confidence have overshadowed these factors, leading to the stock's current downward trajectory.