Why is Tejas Networks falling/rising?

As of 08-Sep, Tejas Networks Ltd is currently priced at 591.55, reflecting an increase of 2.65, or 0.45%. The stock has shown a trend reversal by gaining after two consecutive days of decline, although it underperformed its sector by 0.75% today. In the past week, the stock has risen by 0.84%, while over the past month, it has increased by 6.29%. Despite these short-term gains, the stock has experienced significant declines over the longer term, with a year-to-date drop of 50.05% and a one-year return of -55.25%. The company's recent performance has been impacted by a substantial fall in net sales and a negative quarterly profit, which has led to a decrease in institutional investor participation. However, the company has shown healthy long-term growth in net sales and operating profit, which may provide some support for the stock's price.
In the broader market context, Tejas Networks has outperformed the Sensex in the short term, with a 1-week return of 0.84% compared to the Sensex's 0.53%. However, the stock's long-term performance remains concerning, as it has underperformed the benchmark over the past three years, one year, and three months. The stock's attractive valuation relative to peers and its healthy growth metrics may not be sufficient to offset the negative sentiment stemming from its recent financial results and declining institutional interest. Overall, while there are some positive indicators, the significant long-term declines and recent poor performance in net sales and profit are likely contributing to the cautious outlook for the stock.