Why is Tejas Networks falling/rising?

As of 19-Sep, Tejas Networks Ltd is currently priced at 611.10, reflecting a decrease of 4.6 points or 0.75%. The stock has been underperforming, having lost 1.28% over the last two days and is currently underperforming its sector by 3.15%. Over the past week, the stock has shown a modest gain of 3.06%, but it has significantly underperformed over the longer term, with a year-to-date decline of 48.40% and a one-year return of -50.95%. The company has reported a drastic fall in net sales, which dropped by 87.08%, and a negative profit after tax of Rs -193.87 cr, contributing to investor concerns. Additionally, institutional investors have reduced their stakes, indicating a lack of confidence in the company's prospects.
In the broader market context, while the Sensex has gained 0.88% over the past week, Tejas Networks has managed a better performance in that timeframe, but its year-to-date performance starkly contrasts with the benchmark's 5.74% gain. The IT-Hardware sector has seen an increase of 2.36%, further highlighting Tejas Networks' struggles. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests waning investor interest. Despite the company's healthy long-term growth in net sales and operating profit, the recent negative financial results and falling institutional participation have overshadowed these positives, leading to the stock's current decline.