Why is H D I L falling/rising?

As of 23-Sep, Housing Development & Infrastructure Ltd (HDIL) is experiencing a decline in its stock price, currently at 3.06, which reflects a decrease of 0.03 or 0.97%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 2.24% during this period. Additionally, HDIL is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The stock's performance over the past year has been notably poor, with a return of -27.32%, significantly underperforming the BSE500 index, which has seen a decline of only 3.33% during the same timeframe. The company's weak fundamentals, highlighted by a negative book value and low profitability, further contribute to the stock's struggles.
In the broader market context, while the Sensex has shown a slight decline of 0.34% over the past week, HDIL's performance has been considerably worse, with a drop of 3.77% in the same period. The company's ability to service its debt remains weak, as indicated by a poor EBIT to Interest ratio of 1.37, and it has generated a low return on equity of 1.53%. Although raw material costs have decreased by 29.8% year-over-year, this has not translated into improved stock performance. The falling investor participation, evidenced by a decline in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's downward trajectory.