Why is Network People falling/rising?

As of 04-Nov, Network People Services Technologies Ltd is experiencing a decline in its stock price, currently at 1,751.15, reflecting a decrease of 18.25 points or 1.03%. The stock has been underperforming recently, having fallen for the last three consecutive days, resulting in a total decline of 7.2%. It is also trading close to its 52-week low, just 1.12% away from Rs 1,731.55. In terms of returns, the stock has decreased by 2.73% over the past week and 12.83% over the past month, contrasting sharply with the Sensex, which has gained 2.77% in the same period. The company has reported negative results in its last two quarters, with a significant drop in net sales by 22.36%, which has contributed to the stock's downward trend.
Broader Market Context: The broader market context shows that while the Sensex has performed positively, Network People has not kept pace, indicating a lack of investor confidence. The company's recent financial results, including a substantial decline in profits and a high Price to Book Value ratio, suggest that it is trading at a premium compared to its peers, which may deter potential investors. Additionally, the reduction in promoter stake by 2.77% signals a lack of confidence from those closest to the company, further impacting investor sentiment negatively. Overall, these factors combined have led to the stock's current decline amidst a generally positive market environment.