Why is HFCL falling/rising?

As of 24-Jun, HFCL Ltd's stock price is currently at Rs 83.68, reflecting an increase of Rs 1.9 or 2.32%. The stock has been gaining for the last three days, resulting in a total return of 5.43% during this period. However, it has underperformed its sector by 0.31%. Despite this recent uptick, the stock has shown a decline of 3.90% over the past month and a significant drop of 28.33% over the last year. The company's financial health is mixed; while it has a low Debt to EBITDA ratio of 1.04, indicating a strong ability to service debt, its profits have fallen by 46.2% over the past year, and it has reported negative results for the last two consecutive quarters. Additionally, 49.72% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, HFCL's short-term performance has outpaced the Sensex, which has only increased by 0.58% over the past week. However, the stock's year-to-date performance is notably poor, with a decline of 25.91% compared to the Sensex's gain of 5.01%. The telecommunications equipment sector has seen a gain of 2.55%, indicating that HFCL's recent rise may be somewhat isolated, as it still faces challenges such as falling investor participation and a significant drop in net sales. Overall, while there are some positive indicators, the stock's long-term growth prospects remain concerning, contributing to its volatility and recent price movements.