Why is Tejas Networks falling/rising?

As of 13-Aug, Tejas Networks Ltd is currently priced at 551.00, with no change in price (0.00%). The stock has recently hit a new 52-week low of Rs.543 and has underperformed its sector by 0.99%. Over the past week, the stock has declined by 3.35%, and it has seen a significant drop of 20.59% over the past month. Despite a healthy long-term growth in net sales and operating profit, the company reported very negative results in June, with a drastic fall in net sales and a substantial loss in profit after tax. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The recent decrease in institutional investor participation further adds to the negative sentiment surrounding the stock.
In the broader market context, Tejas Networks' performance has been notably poor compared to the benchmark Sensex, which has only declined by 0.01% over the past week. The stock's year-to-date return is down by 53.47%, contrasting sharply with the Sensex's gain of 3.07%. This stark difference highlights the challenges Tejas Networks faces in regaining investor confidence, especially given its significant underperformance over the past year and the last three years compared to broader market indices. The combination of declining sales, increased debt, and reduced institutional interest paints a concerning picture for the company's future performance.