Why is Tejas Networks falling/rising?

As of 26-Aug, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 600.70, reflecting a decrease of Rs 8.7 or 1.43%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total drop of 3.25%. Despite outperforming its sector by 1.39% today, the stock has shown a negative trend with a year-to-date return of -49.27% and a one-year return of -52.48%. The company has reported a significant decline in net sales, which fell by 87.08%, and a substantial loss in profit after tax, contributing to negative investor sentiment. Additionally, there has been a notable decrease in institutional investor participation, which may further impact the stock's performance.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.05% over the past week. While Tejas Networks has outperformed the sector today, its long-term performance remains concerning, particularly with a three-year return of only 10.01% compared to the Sensex's 37.31%. The overall market sentiment appears to be cautious, influenced by the company's poor financial results and declining investor confidence, which is reflected in the falling delivery volumes and reduced institutional stakes.