Why is HFCL falling/rising?

As of 06-Aug, HFCL Ltd's stock price is currently at 72.85, reflecting a decrease of 1.16 (-1.57%). The stock has been underperforming recently, with a consecutive decline over the last two days, resulting in a total drop of 2.92%. It is also trading close to its 52-week low, just 1.85% above that mark. Over the past week, HFCL has seen a return of -5.40%, significantly underperforming the Sensex, which only declined by 1.15%. The company has reported negative financial results, with net sales falling by 24.8% and profits down by 90.9% over the past year. Additionally, the promoters have reduced their stake in the company, indicating a lack of confidence in its future prospects.
In the broader market context, HFCL's performance has been notably poor compared to the benchmark indices. While the Sensex has gained 3.08% year-to-date, HFCL's stock has plummeted by 35.50% in the same period. This stark contrast highlights the company's struggles, particularly in light of its negative results over the last three quarters and a long-term decline in operating profit. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests waning investor interest. Overall, the combination of poor financial performance, reduced promoter confidence, and underwhelming returns relative to the market contributes to HFCL's declining stock price.