Why is Hathway Cable falling/rising?

As of 02-Jul, Hathway Cable & Datacom Ltd is experiencing a decline in its stock price, currently at 15.92, which reflects a decrease of 0.11 or 0.69%. The stock's performance today is in line with the sector, although it is trading higher than its 5-day, 20-day, 50-day, and 100-day moving averages, but lower than its 200-day moving average. Notably, the stock has underperformed in the past year, with a return of -32.74%, while the benchmark Sensex has gained 5.00%. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 67.5% against the 5-day average, indicating waning interest. The company's recent financial results show positive growth in profit before tax and net sales, but long-term fundamentals remain weak, with a -40.53% CAGR growth in operating profits over the last five years and a low return on equity of 2.1%.
In the broader market context, the stock's short-term return of -1.12% over the past week contrasts sharply with the Sensex's gain of 0.79%, highlighting its underperformance relative to the market. Institutional investors have also reduced their stake in the company by 1.37%, reflecting a lack of confidence in its long-term prospects. Despite some positive quarterly results, the overall sentiment remains negative due to the company's weak ability to service its debt and low profitability per unit of shareholders' funds. This combination of factors contributes to the stock's declining price and suggests a challenging outlook for Hathway Cable & Datacom Ltd.