Why is Tejas Networks falling/rising?

As of 23-Jul, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 615.50, which reflects a decrease of Rs 10.5 or 1.68%. The stock has been underperforming significantly, having fallen 5.91% over the past week and 11.59% over the past month. Today, it hit a new 52-week low of Rs 605 and has been on a consecutive downward trend for the last five days. The stock is trading below all major moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume decreasing by 61.42% compared to the five-day average. While the company has shown healthy long-term growth in net sales and operating profit, recent results have been very negative, with a drastic fall in net sales and profit before tax.
In the broader market context, Tejas Networks has underperformed the Sensex, which has gained 0.11% over the past week while the stock has declined. Over the last year, Tejas Networks has generated a return of -51.65%, contrasting sharply with the Sensex's 2.86% increase. The decline in institutional investor participation, with a 0.76% reduction in their stake, further exacerbates the stock's challenges, as these investors typically have more resources to assess company fundamentals. Despite its attractive valuation and significant market presence, the stock's recent performance and negative financial results have led to a lack of confidence among investors, contributing to its current downward trajectory.