Why is Hathway Cable falling/rising?

As of 25-Sep, Hathway Cable & Datacom Ltd is experiencing a decline in its stock price, currently at 14.32, reflecting a decrease of 0.15 or 1.04%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 5.17% during this period. Furthermore, the stock's performance over the past week shows a drop of 4.47%, while it has also underperformed significantly over longer periods, with a year-to-date decline of 8.96% and a staggering 30.21% drop over the past year. Despite some positive financial results, such as a 23.50% growth in PAT and increased institutional investor participation, the company faces serious challenges, including weak long-term fundamental strength and a negative EBIT to Interest ratio, which contribute to its current downward trend.
In the broader market context, Hathway's short-term performance is notably worse than the benchmark, with the Sensex only declining by 2.23% over the same week. The stock's liquidity appears adequate, with a delivery volume increase of 17.2% compared to the five-day average, indicating some investor interest. However, the overall sentiment remains negative due to the company's weak profitability indicators, such as a low Return on Equity and a high PEG ratio, which suggest that the stock is overvalued relative to its earnings growth potential. This combination of factors has led to a lack of confidence among investors, contributing to the stock's continued decline.