Why is Haz.Multi Proj. falling/rising?

As of 28-Jul, Hazoor Multi Projects Ltd is experiencing a decline in its stock price, currently at 39.23, which reflects a decrease of 0.61 or 1.53%. The stock has been on a downward trend, losing value for the last eight consecutive days, resulting in a total drop of 15.36% during this period. Despite outperforming its sector by 1.81% today, the stock is trading below all its moving averages, indicating persistent weakness. Over the past year, while the stock has generated a modest return of 1.96%, it has faced significant challenges, including a 37% decline in profits and negative results for the last six quarters. The company's low Debt to EBITDA ratio of 0.63 times and high institutional holdings at 20.98% suggest some underlying strength, but the poor long-term growth and declining operating profits raise concerns.
In the broader market context, Hazoor Multi Projects Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -11.88% compared to the Sensex's decline of only -1.59%. This stark contrast highlights the stock's struggles relative to the overall market. Additionally, the construction and real estate sector has also faced challenges, falling by 3.32%. While the stock has shown consistent returns over the last three years, the recent negative trends in sales and profitability, coupled with a lack of growth, contribute to a bearish outlook for the stock in the current market environment.