Why is HFCL falling/rising?

As of 02-Jul, HFCL Ltd's stock price is currently at 85.65, reflecting a decrease of 0.3, or 0.35%. The stock has been underperforming, having fallen for the last four consecutive days, resulting in a total decline of 2.14% during this period. Over the past week, the stock has decreased by 1.81%, and it has also shown a significant decline of 24.17% year-to-date. The company has reported negative results for the last two consecutive quarters, with a notable drop in net sales of 39.62%. Additionally, the stock's operating profit has seen an annual decline of 5.35% over the past five years, contributing to its poor long-term growth outlook. The high percentage of pledged promoter shares, now at 49.72%, adds further downward pressure on the stock in a falling market.
In the broader market context, HFCL's performance has lagged behind the benchmark Sensex, which has gained 0.79% over the past week and 6.75% year-to-date. This underperformance is evident as HFCL's returns have been negative across various time frames, including a 23.97% decline over the past year, compared to the Sensex's positive return of 5.00% in the same period. The stock's liquidity remains adequate for trading, but the falling investor participation, with a 35.96% drop in delivery volume, indicates waning interest among investors. Overall, HFCL's recent price movement reflects a combination of poor financial performance, negative market sentiment, and increased risk due to pledged shares.