Why is Tejas Networks falling/rising?

As of 12-Aug, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 551.00, which reflects a decrease of Rs 12.8 or 2.27%. The stock has underperformed its sector by 0.89% today and is trading close to its 52-week low, just 1.08% away from Rs 545.05. Over the past week, the stock has fallen by 4.65%, and it has shown a significant decline of 20.59% over the past month. The company's recent performance has been negatively impacted by a substantial drop in net sales of 87.08% and a significant loss in profit after tax, which has fallen by 350.2%. While there has been a healthy long-term growth in net sales and operating profit, the recent financial results have led to a bearish sentiment among investors.
In the broader market context, Tejas Networks' recent performance contrasts sharply with the Sensex, which has only declined by 0.59% over the past week. The stock's year-to-date performance shows a staggering decline of 53.47%, while the Sensex has gained 2.68% during the same period. Additionally, institutional investors have reduced their stake in the company by 1.08%, indicating a lack of confidence in the stock's future prospects. This decline in institutional participation, coupled with the company's poor financial results and underperformance relative to both the market and its peers, contributes to the negative sentiment surrounding Tejas Networks, leading to its current price drop.