Why is HFCL falling/rising?

As of 11-Aug, HFCL Ltd's stock price is currently at 73.33, reflecting an increase of 0.39 or 0.53%. Despite this slight uptick, the stock has shown a negative performance trend, with a 1-week return of -2.28% and a 1-month return of -9.79%. The stock is trading close to its 52-week low, just 2.5% above it, and has underperformed its sector by 0.26%. Additionally, HFCL is trading below all its moving averages, indicating a bearish trend. The company has faced significant challenges, with a 90.9% drop in profits over the past year and negative results reported for the last three consecutive quarters, including a 24.8% decline in net sales. The high percentage of pledged promoter shares, now at 54.12%, adds further downward pressure on the stock price in a declining market.
In the broader market context, HFCL's performance has been notably weaker compared to the benchmark Sensex, which has gained 3.15% year-to-date while HFCL has plummeted by 35.08%. This stark contrast highlights the stock's struggles in both the short and long term, as it has underperformed the BSE500 across various time frames, including a 44.61% decline over the past year. The overall market sentiment appears to be unfavorable for HFCL, compounded by its poor long-term growth prospects and significant operational challenges, which have contributed to its recent price movements.