Why is Tejas Networks falling/rising?

As of 27-Jun, Tejas Networks Ltd is currently priced at 718.55, reflecting a slight increase of 0.45 (0.06%). The stock has been gaining for the last two days, with a total return of 3.06% during this period, although it has underperformed its sector by 4.5%. In terms of longer-term performance, the stock has seen a decline of 49.78% over the past year, despite a significant increase in profits by 609%. The company has a healthy long-term growth outlook, with net sales growing at an annual rate of 86.97% and operating profit at 49.63%. However, it faces challenges such as a high debt-equity ratio of 0.89 and a recent decrease in institutional investor participation, which may weigh on investor sentiment.
In the broader market context, the stock's short-term return of 1.35% over the past week is lower than the benchmark Sensex, which has gained 2.00% in the same period. While the IT-Hardware sector has performed well, gaining 4.35%, Tejas Networks' performance has lagged behind both its sector and the market. This underperformance, combined with the significant drop in stock value over the past year and the recent flat results reported, suggests that investor confidence may be wavering, contributing to the stock's mixed performance despite some positive growth indicators.