Why is H D I L falling/rising?

As of 24-Sep, Housing Development & Infrastructure Ltd (HDIL) is experiencing a decline in its stock price, currently at 3.04, down by 0.04 or 1.3%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 2.88% during this period. Over the past week, HDIL has underperformed the benchmark Sensex, with a return of -1.30% compared to the Sensex's -1.18%. Additionally, the stock has shown a significant decline in performance over the longer term, with a year-to-date return of -21.24% and a one-year return of -27.79%. The company's weak fundamentals, highlighted by a negative book value and low profitability, further contribute to the stock's poor performance. Although raw material costs have decreased by 29.8% year-over-year, the company's ability to service its debt remains weak, which negatively impacts investor confidence.
In the broader market context, the construction and real estate sector has also faced challenges, with a decline of 2.38%. This sector-wide downturn may be influencing HDIL's stock performance, as it has seen a significant drop in investor participation, with delivery volume falling by 72.88% against the five-day average. The stock's liquidity is deemed sufficient for trading, but the overall market sentiment appears to be bearish, as evidenced by HDIL's underperformance relative to the BSE500 over the past three years, one year, and three months. This combination of sector weakness and the company's ongoing struggles suggests that HDIL's stock price is likely to continue facing downward pressure in the near term.