Why is HCL Infosystems falling/rising?

As of 24-Jul, HCL Infosystems Ltd's stock price is currently at 16.00, reflecting a slight increase of 0.01 (0.06%). The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 2.24%. However, despite this minor uptick, the stock has underperformed over the past week and month, with returns of -0.93% and -6.38%, respectively. The company faces significant challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by a drastic decline in net sales and a high debt to EBITDA ratio. Additionally, the stock's performance has been hindered by a consistent underperformance against benchmarks over the last three years, with domestic mutual funds holding no stake in the company, indicating a lack of confidence in its prospects.
In the broader market context, while the Sensex has shown a slight positive return of 0.16% over the past month, HCL Infosystems has lagged significantly, highlighting its struggles relative to the market. The stock's liquidity remains adequate for trading, but a notable drop in delivery volume suggests declining investor participation. Overall, the combination of weak financial fundamentals, poor growth prospects, and negative sentiment among institutional investors contributes to the stock's recent price movements, despite a minor increase on this particular day.