Why is Tejas Networks falling/rising?

As of 25-Aug, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 609.40, reflecting a decrease of Rs 11.5 or 1.85%. Today's performance indicates that the stock has underperformed its sector by 1.45%, following a trend reversal after two consecutive days of gains. The stock reached an intraday low of Rs 602.25, marking a 3% drop. Over the past week, the stock has shown a positive return of 6.54%, but it has significantly underperformed over the year with a return of -52.76%. The company's recent financial results have raised concerns, particularly a drastic fall in net sales by 87.08% and a substantial loss in profit after tax, which has contributed to negative sentiment among investors. Additionally, a decline in institutional investor participation, which has decreased by 1.08%, suggests a lack of confidence in the stock's future performance.
In the broader market context, while the Sensex has seen a modest gain of 0.45% over the past week, Tejas Networks' short-term performance stands out negatively, indicating a divergence from the overall market trend. The stock's long-term performance is also concerning, with a year-to-date decline of 48.54% compared to the Sensex's gain of 4.48%. This underperformance, coupled with the company's recent financial struggles and falling investor participation, paints a bleak picture for Tejas Networks, contributing to its current price decline.