Why is Tejas Networks falling/rising?

As of 03-Sep, Tejas Networks Ltd is experiencing a rise in its stock price, currently at Rs 612.25, reflecting an increase of Rs 26.85 or 4.59%. Today's price summary indicates that the stock outperformed its sector by 2.94%, reaching an intraday high of Rs 625, which is a 6.76% increase. In the past week, the stock has shown a return of +1.92%, and over the past month, it has increased by +6.30%. However, despite these short-term gains, the stock has a significant year-to-date decline of -48.30% and a one-year return of -54.05%. Positive factors contributing to the recent rise include healthy long-term growth in net sales and operating profit, as well as an attractive valuation compared to peers. Conversely, negative factors such as a drastic fall in net sales and a significant drop in profit after tax have raised concerns among investors. In the broader market context, Tejas Networks has outperformed the Sensex, which has declined by -0.27% over the past week and -0.04% over the past month. Despite the stock's recent gains, it has underperformed the benchmark over the longer term, with a -54.05% return in the last year compared to the Sensex's -2.41%. Additionally, the decline in institutional investor participation, which has decreased by -1.08% in the previous quarter, suggests a lack of confidence among more sophisticated investors. This mixed performance highlights the challenges the company faces in regaining investor trust despite its recent price increase.