Why is Hawa Engineers falling/rising?

As of 07-Oct, Hawa Engineers Ltd is experiencing a decline in its stock price, currently at Rs 113.00, reflecting a decrease of 8.15 points or 6.73%. Today's price summary indicates that the stock opened with a gain of 3.1% but quickly fell to an intraday low of Rs 112, resulting in high volatility with a wide trading range of Rs 12.9. Over the past week, the stock has underperformed significantly, with a return of -6.92%, while the Sensex gained 2.07%. The company's recent performance has been concerning, as it has underperformed the market over the last year with a return of -45.15%, despite a 35.7% increase in profits. Additionally, the reduction in promoter stake by 7.36% signals a lack of confidence in the company's future, further contributing to the stock's downward movement.
In the broader market context, Hawa Engineers' short-term performance is notably worse than the benchmark, as it has consistently underperformed against the Sensex, which has shown positive returns in the same periods. The stock's year-to-date return of -49.78% starkly contrasts with the Sensex's gain of 4.85%, indicating a significant divergence in performance. While the company has a favorable valuation with a low PEG ratio and has traded at a discount compared to peers, the overall market sentiment and the company's recent flat sales results have overshadowed these positives, leading to a bearish outlook among investors.