Why is Tejas Networks falling/rising?

As of 23-Sep, Tejas Networks Ltd is currently priced at 596.90, reflecting a decrease of 3.0 points or 0.5%. The stock has been on a downward trend, having lost 3.57% over the last four days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has also underperformed significantly over various time frames, with a 1-year return of -51.63% compared to a -3.33% return for the Sensex. Additionally, the company reported a drastic decline in net sales of 87.08% and a substantial loss in profit after tax, which has contributed to negative sentiment among investors. Despite some positive long-term growth indicators, such as an annual increase in net sales and operating profit, the recent financial results have overshadowed these factors.
In the broader market context, Tejas Networks' short-term performance has been notably worse than the benchmark, with a 1-week return of -2.96% compared to the Sensex's -0.34%. The decline in institutional investor participation, with a reduction of 1.08% in their stake, further indicates a lack of confidence in the stock. This trend, combined with the company's poor performance metrics and the significant drop in delivery volume, suggests that investors are wary of the stock's future prospects, leading to its current decline.