Why is HCL Infosystems falling/rising?

As of 02-Jul, HCL Infosystems Ltd is experiencing a decline in its stock price, currently at 16.65, reflecting a decrease of 0.25 or 1.48%. The stock has underperformed its sector today by 2.25%, and while it is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages. Over the past week, the stock has dropped by 2.57%, and it has shown a significant decline of 5.93% over the past month. The company's negative book value and weak long-term fundamental strength, highlighted by a poor annual net sales growth rate of -57.69% over the last five years, contribute to its current struggles. Additionally, the company's high debt-to-EBITDA ratio and a recent flat performance in net sales and profit after tax further exacerbate investor concerns.
In the broader market context, the Sensex has increased by 0.79% over the past week and 2.50% over the past month, indicating that HCL Infosystems is lagging behind the overall market performance. The stock has consistently underperformed against the benchmark over the last three years, with a return of -1.36% in the past year compared to the Sensex's 5.00% gain. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further impacting its stock price negatively. Overall, the combination of weak financial performance, high debt levels, and underwhelming investor sentiment has led to the stock's decline.