Why is Hathway Cable falling/rising?

As of 17-Oct, Hathway Cable & Datacom Ltd is experiencing a decline in its stock price, currently at 13.54, which reflects a decrease of 0.13 or 0.95%. The stock has been losing value for the last two days, with a total drop of 3.01% during this period. Additionally, Hathway Cable is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -32.40%, and its profits have decreased by 3.2%. The company's low Return on Equity (ROE) of 3.22% and poor management efficiency further contribute to its negative outlook, alongside a significant decline in operating profit over the last five years.
In the broader market context, Hathway Cable's performance has been notably poor compared to the benchmark, with a 1-week return of -4.71% against a positive return of +1.76% for the Sensex. This underperformance is consistent over longer periods, as the stock has lagged behind the BSE500 for the last three years, one year, and three months. Despite a rise in investor participation, as evidenced by a 43.79% increase in delivery volume, the overall sentiment remains negative due to the company's weak financial metrics and lack of confidence from domestic mutual funds, which hold no stake in the company.