Why is Tejas Networks falling/rising?

As of 02-Sep, Tejas Networks Ltd is currently priced at 585.40, reflecting a decrease of 1.2, or 0.2%. The stock's performance today is in line with the sector, but it is trading below several moving averages, including the 5-day, 50-day, 100-day, and 200-day averages, while being higher than the 20-day moving average. The stock has experienced a decline of 2.55% over the past week and a significant drop of 56.38% over the past year, indicating a troubling trend. Additionally, the company reported a drastic fall in net sales of 87.08%, leading to very negative quarterly results, which has likely contributed to the stock's downward movement. Despite a healthy long-term growth rate in net sales and operating profit, the recent financial performance has raised concerns among investors.
In the broader market context, Tejas Networks' short-term return of -2.55% over the past week contrasts with the Sensex, which has only declined by 0.78%. This underperformance is further highlighted by the stock's year-to-date return of -50.57%, compared to the Sensex's positive return of 2.58%. The decrease in institutional investor participation, with a reduction of 1.08% in their stake, suggests a lack of confidence in the company's fundamentals, which may be influencing retail investor sentiment as well. Overall, the combination of poor recent financial results, declining investor participation, and underperformance relative to the benchmark has contributed to the stock's current downward trend.