Why is Tejas Networks falling/rising?

As of 07-Aug, Tejas Networks Ltd is currently priced at 575.15, reflecting an increase of 5.05 or 0.89%. The stock has recently experienced a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also reached a new 52-week low of Rs. 560.1 today. Despite a significant decline of 55.39% over the past year, the company has shown healthy long-term growth with net sales increasing at an annual rate of 89.59%. However, the recent financial results have been troubling, with a drastic fall in net sales and a negative profit after tax, leading to concerns among investors.
In the broader market context, Tejas Networks has underperformed compared to the Sensex, with a 1-week return of -1.10% against the benchmark's -0.69%. The stock's performance over the last month and year also shows significant underperformance, with declines of 18.01% and 55.39%, respectively, while the Sensex has only dropped by 3.38% and gained 1.45% over the same periods. Additionally, there has been a decrease in institutional investor participation, which may further impact the stock's performance negatively. Overall, while there are some positive indicators for long-term growth, the recent financial results and declining investor confidence contribute to the stock's current volatility.