Why is Haryana Leather falling/rising?

As of 24-Sep, Haryana Leather Chemicals Ltd is experiencing a decline in its stock price, currently at 77.70, which reflects a decrease of 0.41 or 0.52%. The stock has been underperforming recently, with a consecutive fall over the last three days resulting in a total decline of 9.06%. Additionally, the stock's performance over the past week shows a significant drop of 11.60%, while it has gained 13.71% over the past month. However, the stock's long-term performance remains concerning, with a year-to-date decline of 9.69% and a staggering 31.24% drop over the past year. The company's weak long-term fundamentals, highlighted by a low return on equity of 5.83% and poor growth in net sales and operating profit, contribute to its negative price movement. Furthermore, the stock is trading at a premium compared to its peers, which raises concerns about its valuation.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.18% over the past week. The falling investor participation, evidenced by a 69.5% drop in delivery volume, indicates a lack of confidence among investors. Despite being liquid enough for trading, the stock's weak fundamentals and poor earnings growth have led to a perception of it being a strong sell. The company's ability to service its debt is also weak, further exacerbating investor concerns. Overall, the combination of negative stock-specific factors and a relatively stable broader market has resulted in the stock's continued decline.