Why is Haz.Multi Proj. falling/rising?

As of 23-Jun, Hazoor Multi Projects Ltd is experiencing a decline in its stock price, currently at Rs 38.29, which reflects a decrease of Rs 2.26 or 5.57%. Today's performance indicates that the stock has underperformed its sector by 5.94%, with an intraday low of Rs 37, marking a significant drop of 8.75%. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 75.21% compared to the 5-day average. Despite a strong ability to service debt and attractive valuations relative to peers, the company has faced negative results over the last six quarters, with a significant decline in profits and operating profit growth.
In the broader market context, the stock's performance over the past week shows a decline of 5.67%, while the benchmark Sensex has increased by 0.12%. This stark contrast highlights the stock's underperformance relative to the market. Over the past month, Hazoor Multi Projects Ltd has seen a 17.59% decline, while the Sensex has only risen by 0.22%. Although the company has shown consistent returns over the last three years and has high institutional holdings, the ongoing negative financial results and poor long-term growth prospects have contributed to the current downward trend in its stock price.