Why is Tejas Networks falling/rising?

As of 01-Aug, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 575.95, which reflects a decrease of Rs 5.6 or 0.96%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.76% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week low, just 1.62% away from Rs 566.6. The company has reported a significant drop in net sales and a very negative quarterly profit after tax, contributing to a negative sentiment among investors. Furthermore, institutional investor participation has decreased, indicating a lack of confidence in the stock's prospects.
In the broader market context, Tejas Networks has underperformed the Sensex, with a 1-week return of -4.21% compared to the benchmark's -1.06%. Over the past month, the stock has declined by 18.73%, while the Sensex has only fallen by 3.70%. This stark contrast highlights the stock's struggles relative to the market. Despite its long-term growth potential, as evidenced by a healthy annual growth rate in net sales and operating profit, the recent financial results and declining investor participation have overshadowed these positives, leading to a bearish outlook for the stock in the near term.