Why is HFCL falling/rising?

As of 07-Jul, HFCL Ltd's stock price is currently at 83.36, reflecting a decrease of 1.26, or 1.49%. The stock has underperformed in the short term, with a 1-week return of -3.81% compared to a slight decline of -0.20% in the Sensex. Today's performance indicates that HFCL has outperformed its sector by 1.34%, but it is trading below its moving averages across various time frames. The company has faced significant challenges, including a 39.62% drop in net sales and negative results for the last two consecutive quarters, contributing to a year-to-date decline of 26.20%. Additionally, the high percentage of pledged promoter shares, which has increased recently, adds downward pressure on the stock price.
Broader market context shows that while the Sensex has gained 6.79% year-to-date, HFCL's performance has been notably poor, with a 35.90% decline over the past year. This stark contrast highlights the company's struggles in comparison to the broader market. The telecommunications equipment sector has also faced a downturn, with a sector-wide decline of 2.83%. Despite having a low Debt to EBITDA ratio and trading at a discount compared to peers, the overall negative sentiment surrounding HFCL, driven by poor long-term growth and declining profits, continues to weigh heavily on its stock price.