Why is Railtel Corpn. falling/rising?

As of 01-Aug, Railtel Corporation of India Ltd is experiencing a decline in its stock price, currently at Rs 353.70, which reflects a decrease of Rs 13.5 or 3.68%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 7.96%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has underperformed its sector by 0.31% today. Over the past week, the stock has dropped by 10.22%, and over the past month, it has seen a significant decline of 16.92%. The company's recent quarterly results showed a notable decline in net sales and profits compared to previous averages, contributing to negative sentiment among investors.
In the broader market context, Railtel's performance has been significantly worse than the benchmark, with a one-year return of -28.68% compared to the Sensex's decline of only 1.55%. This stark contrast highlights the company's struggles relative to the overall market. Despite some positive factors, such as a low debt-to-equity ratio and healthy long-term growth in net sales, the recent flat quarterly results and high valuation metrics have led to increased selling pressure. Furthermore, while institutional investor participation has risen, the overall market sentiment remains cautious, contributing to the stock's downward trajectory.