Why is HCL Infosystems falling/rising?

As of 04-Jul, HCL Infosystems Ltd is currently priced at 16.78, reflecting an increase of 0.08 or 0.48%. The stock has shown a positive performance today, outperforming its sector by 8.19% and has been gaining for the last two days with a total return of 0.78% during this period. However, the stock has underperformed over the past week and month, with returns of -1.64% and -4.60%, respectively. The company faces significant challenges, including a negative book value and weak long-term fundamentals, as evidenced by a substantial decline in net sales over the past five years. Additionally, the stock's high debt to EBITDA ratio raises concerns about its ability to service debt, contributing to its risky trading status.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed against the Sensex, which has shown a positive return of 3.01% over the past month. The stock's liquidity appears adequate for trading, but a notable decline in investor participation, with delivery volume falling by 79.08% against the five-day average, suggests waning interest. Furthermore, domestic mutual funds hold no stake in the company, indicating a lack of confidence in its prospects. Overall, while there are short-term gains, the long-term outlook remains precarious, contributing to the stock's mixed performance.