Why is Tejas Networks falling/rising?

As of 20-Aug, Tejas Networks Ltd is experiencing a decline in its stock price, currently at 580.85, which reflects a decrease of 5.65 or 0.96%. The stock has underperformed its sector by 1.89% today and has seen a trend reversal after four consecutive days of gains. Although the stock is higher than its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Tejas Networks has shown a return of +5.42%, but its performance over the last month and year has been significantly negative, with returns of -9.11% and -53.94%, respectively. The company has reported a substantial fall in net sales and a very negative quarterly profit after a significant drop in performance, which has contributed to the stock's recent decline.
In the broader market context, while the Sensex has gained 1.64% over the past week, Tejas Networks has lagged behind, indicating a weaker performance relative to the market. The stock's long-term performance has also been underwhelming, with a year-to-date return of -50.95% compared to the Sensex's gain of 4.76%. Institutional investors have reduced their stake in the company, reflecting a lack of confidence in its fundamentals, which may further impact the stock's price negatively. Despite some positive factors such as healthy long-term growth in net sales and operating profit, the significant drop in net sales and the company's high debt-equity ratio have overshadowed these positives, leading to a bearish sentiment around the stock.