Why is HFCL falling/rising?

As of 01-Aug, HFCL Ltd's stock price is currently at Rs 73.28, reflecting a decrease of Rs 2.49 or 3.29%. The stock has been on a downward trend, losing value for the past three days and showing a total decline of 6.84% during this period. It is also trading close to its 52-week low, just 2.43% above Rs 71.5. The stock's performance over the past week is down by 3.48%, and it has significantly underperformed over the last month and year, with returns of -14.74% and -45.46%, respectively. The company's negative financial results, including a 24.8% drop in net sales and a 90.9% fall in profits over the past year, contribute to the stock's poor performance. Additionally, the reduction in promoter stake by 2.79% indicates a lack of confidence in the company's future prospects.
In the broader market context, HFCL's recent performance contrasts sharply with the Sensex, which has only declined by 1.06% over the past week. The telecommunications equipment sector, in which HFCL operates, has also seen a decline of 3.43%. Despite a rise in investor participation, as indicated by an 86.42% increase in delivery volume, the overall sentiment remains negative due to the company's ongoing financial struggles and poor long-term growth outlook. The stock's trading below its moving averages further emphasizes its weak position relative to the market.