Why is Haldyn Glass falling/rising?

As of 04-Aug, Haldyn Glass Ltd is experiencing a decline in its stock price, currently at Rs 131.25, which reflects a decrease of 4.05 or 2.99%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 10.26% during this period. Today's trading saw the stock touch an intraday low of Rs 129.1, and the volume traded was more concentrated near this low price. Additionally, the stock's performance over the past week shows a significant underperformance of -9.08% compared to the Sensex's slight gain of +0.16%. While the company has a strong ability to service debt and is trading at a discount compared to its peers, it has faced a decline in profits by 23.4% over the past year, contributing to negative sentiment around the stock.
In the broader market context, Haldyn Glass's recent performance contrasts sharply with the Sensex, which has gained 3.69% year-to-date, while Haldyn Glass has seen a decline of 10.20% in the same timeframe. The stock's poor long-term growth prospects, indicated by low net sales growth and a significant drop in profit after tax, have likely contributed to its current downward trajectory. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its valuation or business prospects, further impacting investor sentiment negatively.