Why is Tejas Networks falling/rising?

As of 10-Nov, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 506.10, which represents a decrease of Rs 16.4 or 3.14%. The stock has hit a new 52-week low of Rs 504.55 today and has been on a downward trend, falling for the last three consecutive days with a total decline of 6.62%. The company has reported significant negative financial results, including a 90.69% drop in net sales and an operating profit to interest ratio of -3.48 times, indicating severe operational challenges. Additionally, the stock's performance has been poor over various time frames, with a year-to-date decline of 57.26% and a one-year return of -62.45%, reflecting weak long-term fundamentals and a high debt to EBITDA ratio of 105.69 times. In the broader market context, Tejas Networks has underperformed relative to the Sensex, which has seen a slight increase of 6.91% year-to-date. Over the past week, Tejas Networks has declined by 5.36%, while the Sensex has only decreased by 0.53%. This stark contrast highlights the stock's struggles compared to the overall market. The falling investor participation, with a 42.4% drop in delivery volume, further exacerbates the stock's negative sentiment, suggesting that investors are wary of its financial health and future prospects.