Why is HEG falling/rising?

As of 25-Jul, HEG Ltd's stock price is currently at Rs 514.20, reflecting a decrease of Rs 13.55 or 2.57%. The stock has been experiencing a downward trend, having fallen for the last two consecutive days, resulting in a total decline of 5.13% during this period. The stock's performance today has outperformed its sector by 0.8%, but it has also touched an intraday low of Rs 508.25. Over the past week, the stock has underperformed the benchmark Sensex, with a decline of 4.69% compared to the Sensex's modest drop of 0.36%. Despite a positive long-term performance, including a 20.90% return over the past year, the company's recent financial indicators, such as a significant drop in PAT and low ROCE, suggest underlying weaknesses that may be influencing the current price movement.
In the broader market context, HEG Ltd's recent performance contrasts with the benchmark Sensex, which has shown a positive return of 4.25% year-to-date. The stock's liquidity appears adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 60.35% against the five-day average. This decline in interest, coupled with poor long-term growth metrics and negative operating profits, indicates that investors may be cautious about the stock's future prospects. Overall, while HEG has demonstrated strong historical returns, the recent financial struggles and market conditions are likely contributing to its current price decline.