Why is Tejas Networks falling/rising?

As of 26-Jun, Tejas Networks Ltd is experiencing a price increase, with its current price at Rs 718.10, reflecting a rise of Rs 20.9 or 3.0%. Today's performance indicates that the stock outperformed its sector by 4.02% and opened with a gain of 2.23%. It reached an intraday high of Rs 732.3, which is a 5.03% increase. Despite this positive movement, the stock has shown mixed performance over different periods, with a 1-week return of +5.21% but a 1-month decline of -3.05%. The company has demonstrated healthy long-term growth with net sales increasing at an annual rate of 86.97% and operating profit at 49.63%. However, it has also faced challenges, such as a significant drop in profit before tax and profit after tax in the latest quarter, alongside a high debt-equity ratio of 0.89.
In the broader market context, Tejas Networks' short-term performance has outpaced the Sensex, which increased by 2.94% over the same 1-week period. Despite this, the stock has underperformed the benchmark over longer time frames, including a -48.51% return over the past year compared to the Sensex's +6.46%. Additionally, there has been a decline in institutional investor participation, which may indicate a lack of confidence in the stock's future performance. While the stock is trading at a discount compared to its peers and has shown substantial profit growth, the overall sentiment remains cautious due to its recent financial results and declining institutional interest.