Why is Tejas Networks falling/rising?

As of 18-Aug, Tejas Networks Ltd is experiencing a rise in its stock price, currently at Rs 572.00, reflecting an increase of Rs 18.15 or 3.28%. The stock has outperformed its sector by 1.61% today and has shown consecutive gains over the last two days, with a total return of 3.81% in this period. Despite this positive movement, the stock has faced significant challenges, including a decline of 10.50% over the past month and a staggering 51.70% year-to-date drop. The company has reported healthy long-term growth in net sales and operating profit, but it also faces serious concerns, such as a drastic fall in net sales and a negative PAT, which may overshadow its recent gains.
In the broader market context, Tejas Networks' short-term performance of +1.45% over the past week has outpaced the Sensex, which has risen by only +0.83%. However, the stock's long-term performance remains troubling, with a 52.76% decline over the past year compared to a modest 1.04% increase in the Sensex. Additionally, falling participation from institutional investors, who have reduced their stake, raises concerns about the stock's future prospects. Overall, while the recent price increase may indicate some short-term recovery, the underlying financial challenges and broader market performance suggest caution.