Why is HFCL falling/rising?

As of 05-Aug, HFCL Ltd is experiencing a decline in its stock price, currently at Rs 74.01, which reflects a decrease of Rs 1.03 or 1.37%. The stock has underperformed significantly, with a 1-week return of -5.91% and a 1-month return of -12.54%. Today's performance indicates that HFCL is trading lower than all its moving averages, and it is close to its 52-week low, being only 3.39% away from Rs 71.5. Additionally, despite a rise in investor participation, with delivery volume increasing by 72.89%, the company's fundamentals are concerning. The stock has generated a return of -40.51% over the past year, coinciding with a drastic fall in profits by -90.9%, and has reported negative results for the last three consecutive quarters, including a significant drop in net sales and profit after tax.
In the broader market context, HFCL's recent performance is starkly contrasted with the Sensex, which has only declined by 0.77% over the past week. This underperformance highlights the company's struggles, particularly as it has shown poor long-term growth with an annual operating profit decline of -10.80% over the last five years. Furthermore, the reduction in promoter confidence, with a decrease in their stake by -2.79%, signals a lack of faith in the company's future prospects. Overall, HFCL's stock is facing downward pressure due to weak financial results, declining sales, and a lack of investor confidence, which is reflected in its substantial underperformance compared to the broader market.