Why is Tejas Networks falling/rising?

As of 19-Aug, Tejas Networks Ltd's stock price is currently at Rs 586.50, reflecting an increase of Rs 14.5 or 2.53%. The stock has shown a positive trend recently, gaining 6.44% over the past week and outperforming its sector by 0.92% today. It has also experienced three consecutive days of gains, reaching an intraday high of Rs 588.5. However, despite this short-term recovery, the stock has a troubling long-term performance, with a year-to-date decline of 50.47% and a one-year return of -52.20%. The company's financials reveal a significant drop in net sales and a negative profit after tax, which could be contributing to investor caution despite the recent uptick in price.
In the broader market context, Tejas Networks' recent performance contrasts with the Sensex, which has only increased by 1.76% over the past week. While the stock's short-term gains are notable, its long-term underperformance is concerning, particularly as institutional investors have reduced their stakes, indicating a lack of confidence in its future prospects. The stock's current valuation appears attractive compared to peers, but the substantial decline in net sales and the high debt-equity ratio raise red flags. Overall, while there is some positive momentum in the short term, the long-term outlook remains uncertain, contributing to mixed investor sentiment.