Why is Tejas Networks falling/rising?

As of 22-Jul, Tejas Networks Ltd is currently priced at 626.00, reflecting a decrease of 4.15 (-0.66%). The stock has hit a new 52-week low of Rs.625.15 today and has been on a consecutive decline for the last four days, resulting in a total drop of 4.3% during this period. Additionally, it has underperformed its sector by 2.13%. Over the past week, the stock has decreased by 4.17%, and its performance over the last month shows a significant decline of 11.71%. The company has reported a very negative quarterly result with a drastic fall in net sales by 87.08%, which has contributed to the stock's poor performance. Furthermore, institutional investors have reduced their stake, indicating a lack of confidence in the company's prospects.
In the broader market context, Tejas Networks has underperformed the benchmark index, with a 1-week return of -4.17% compared to the Sensex's -0.47%. This trend is consistent with its year-to-date performance, where the stock has plummeted by 47.14%, while the Sensex has gained 5.18%. The stock's long-term performance has also been disappointing, generating a return of -52.58% over the past year, contrasting sharply with the benchmark's positive return of 2.09%. Despite some positive factors such as healthy long-term growth in net sales and operating profit, the recent negative results and falling investor participation have overshadowed these aspects, leading to the stock's decline.