Why is Hawa Engineers falling/rising?

As of 01-Aug, Hawa Engineers Ltd is experiencing a decline in its stock price, currently at 128.00, which reflects a decrease of 4.95 or 3.72%. The stock has underperformed its sector by 1.62% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.11%. It opened with a loss of 2.93% and reached an intraday low of Rs 120.2, marking a significant decline of 9.59%. Over the past week, the stock has fallen by 6.23%, and its year-to-date performance shows a staggering decline of 43.11%. Although the company has a positive return on capital employed (ROCE) of 17.1 and a favorable PEG ratio of 0.5, the recent flat results in net sales and a decrease in promoter confidence, with a 7.36% reduction in their stake, have negatively impacted investor sentiment.
In the broader market context, Hawa Engineers has significantly underperformed compared to the benchmark, with a one-year return of -23.24% against the BSE500's decline of only -4.13%. This stark contrast highlights the stock's struggles relative to the overall market. Despite the company's profits rising by 35.7% over the past year, the substantial drop in stock price suggests that investor confidence is waning, particularly in light of the recent sales figures and the reduced stake by promoters. The stock's performance in the last month and year indicates a troubling trend that has not aligned with the broader market movements, contributing to its current decline.