Why is Tejas Networks falling/rising?

As of 29-Jul, Tejas Networks Ltd is experiencing a price increase, currently at Rs. 592.30, reflecting a rise of Rs. 14.75 or 2.55%. The stock has shown some positive movement today, gaining after two consecutive days of decline, and it outperformed its sector by 1.28%. Despite this, the stock has faced significant challenges, having reached a new 52-week low of Rs. 566.6 earlier today. Over the past week, the stock has declined by 5.38%, and it has a troubling year-to-date return of -49.98%. Positive factors include a healthy long-term growth rate in net sales and operating profit, but these are overshadowed by a drastic fall in net sales of -87.08% reported in June, leading to a negative PAT of Rs. -193.87 cr.
In the broader market context, Tejas Networks has underperformed compared to the Sensex, which has only declined by 1.03% over the past week. The stock's long-term performance has also been poor, with a one-year return of -54.01%, contrasting sharply with the Sensex's near-zero change. Additionally, there has been a decrease in institutional investor participation, which can negatively impact stock performance as these investors typically have more resources to analyze company fundamentals. Overall, while there are some signs of recovery today, the stock's long-term outlook remains concerning due to its significant declines and negative financial results.