Why is Tejas Networks falling/rising?

As of 22-Sep, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 599.90, which reflects a decrease of Rs 11.2 or 1.83%. The stock has been on a downward trend, having fallen for the last three consecutive days with a total decline of 3.09% during this period. It has also underperformed in the longer term, with a year-to-date drop of 49.34% and a one-year return of -50.86%. Despite some positive indicators such as a healthy long-term growth rate in net sales and operating profit, the company has faced significant challenges, including a drastic fall in net sales by 87.08% and a negative profit after tax of Rs -193.87 crore. Additionally, there has been a decrease in institutional investor participation, which may further impact investor confidence.
In the broader market context, Tejas Networks' short-term performance has outpaced the benchmark Sensex over the past week, with the stock gaining 0.98% compared to the Sensex's 0.46%. However, the stock's longer-term performance has been disappointing, with significant underperformance relative to the benchmark over the past year and three years. The company's high debt-equity ratio and the recent negative results have contributed to a lack of investor interest, as evidenced by a 22.53% drop in delivery volume. Overall, while there are some positive growth metrics, the prevailing negative sentiment and financial challenges are driving the stock's current decline.