Why is Network People falling/rising?

As of 28-Oct, Network People Services Technologies Ltd is experiencing a decline in its stock price, currently at Rs 1,812.90, which reflects a decrease of 6.45 or 0.35%. The stock has been on a downward trend, losing 9.7% over the past week and 5.29% over the past month, while it has also hit a new 52-week low of Rs 1,769.85 today. The stock has underperformed against its sector, despite a slight outperformance today. The company has reported negative results in recent quarters, with net sales falling by 22.36%, and a decrease in profitability metrics such as profit before tax and profit after tax, which have fallen significantly compared to previous averages. Additionally, the promoters have reduced their stake in the company, indicating a lack of confidence in its future performance.
Broader Market Context: In contrast to Network People's performance, the benchmark Sensex has shown a slight increase of 0.24% over the past week and a more substantial gain of 5.22% over the past month. This stark difference highlights the stock's struggles in a generally positive market environment. The company's recent performance, characterized by declining sales and profitability, coupled with a high valuation relative to its peers, has contributed to investor concerns, leading to the stock's recent decline.