Why is H D I L falling/rising?

As of 07-Jul, Housing Development & Infrastructure Ltd (HDIL) is experiencing a decline in its stock price, currently at 3.21, which reflects a decrease of 0.16 or 4.75%. The stock has underperformed significantly, with a 4.75% drop over the past week, while the benchmark Sensex has only decreased by 0.20%. Additionally, HDIL's performance has been poor over the last month and year, with returns of -18.11% and -26.04%, respectively. Today's trading activity indicates erratic behavior, as the stock did not trade on four out of the last twenty days, and its delivery volume has fallen drastically by 88.63% compared to the five-day average. Despite reporting very positive net sales growth of 3330.95% and other strong financial metrics, the company faces serious concerns regarding its long-term fundamental strength, including a weak ability to service its debt and a negative net worth.
In the broader market context, HDIL's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500 over multiple time frames, including the last three years and one year. While the Sensex has shown a positive return of 6.79% year-to-date, HDIL's year-to-date return is a troubling -16.84%. This stark difference highlights the challenges HDIL faces in attracting investor confidence, particularly given its negative EBITDA and the necessity for either fresh capital or profitability to sustain operations. The combination of weak long-term fundamentals and poor recent trading performance suggests that investors are wary, contributing to the stock's decline.