Why is Tejas Networks falling/rising?

As of 17-Jul, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 647.55, which reflects a decrease of Rs 6.6 or 1.01%. The stock is trading close to its 52-week low, just 2.76% away from Rs 629.65, and has underperformed its sector by 1.05% today. Over the past week, the stock has fallen by 7.78%, and it has generated a staggering return of -54.65% over the past year, indicating significant underperformance compared to the benchmark Sensex, which has gained 1.91% in the same period. Despite a healthy long-term growth in net sales and operating profit, the company reported very negative results recently, including a drastic fall in net sales and a significant loss in profit after tax, which have contributed to the stock's downward movement.
In the broader market context, while the Sensex has shown a slight decline of 1.12% over the past week, Tejas Networks has significantly underperformed, highlighting its struggles in the current market environment. The decrease in institutional investor participation, with a reduction in their stake by 0.76%, suggests a lack of confidence among more sophisticated investors, further impacting the stock's performance. Additionally, the company's high debt-equity ratio and poor recent financial results have raised concerns, leading to a negative sentiment surrounding the stock. Overall, the combination of disappointing financial metrics and declining investor interest has resulted in the stock's continued decline.