Why is Tejas Networks falling/rising?

As of 08-Aug, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 556.55, which represents a decrease of Rs 18.6 or 3.23%. The stock has hit a new 52-week low of Rs 554.2 today and has underperformed its sector by 1.79%. Over the past week, the stock has decreased by 3.37%, and it has shown a significant decline of 20.27% over the past month. The company's recent performance has been negatively impacted by a substantial fall in net sales of 87.08% and a significant loss in profit after tax, which has fallen by 350.2%. Additionally, the stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 17.29% against the five-day average. In the broader market context, Tejas Networks has underperformed the Sensex, which has only declined by 0.92% over the past week. The stock's long-term performance is also concerning, with a staggering 55.09% drop in returns over the past year compared to the Sensex's modest gain of 1.23%. Institutional investors have reduced their stake in the company, reflecting a lack of confidence in its fundamentals, which is further exacerbated by the company's high debt-equity ratio and poor recent financial results. Despite some positive factors such as healthy long-term growth in net sales and operating profit, the overwhelming negative indicators have led to a bearish sentiment surrounding the stock.