Why is Tejas Networks falling/rising?

As of 14-Nov, Tejas Networks Ltd is experiencing a decline in its stock price, currently at Rs 520.45, which reflects a decrease of Rs 4.65 or 0.89%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.11% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company reported a significant drop in net sales by 90.69%, alongside negative operating profits and a high debt-to-EBITDA ratio of 12.63 times, indicating weak long-term fundamental strength. Furthermore, the stock has generated a return of -59.03% over the past year, underperforming against the broader market benchmarks.
In the broader market context, while Tejas Networks has seen a decline of 0.39% over the past week, the Sensex has increased by 1.62% during the same period. This stark contrast highlights the stock's underperformance relative to the market. Despite a rise in investor participation, with delivery volume increasing by 11.87% against the 5-day average, the overall sentiment remains negative due to the company's ongoing operational losses and poor financial results. The stock's liquidity is adequate for trading, but the prevailing risks and negative performance indicators suggest a challenging outlook for investors.