Why is HFCL falling/rising?

As of 13-Aug, HFCL Ltd's stock price is currently at Rs. 71.65, reflecting a decrease of -0.34, or -0.47%. The stock has recently hit a new 52-week low of Rs. 71.41 and has been on a downward trend, having fallen for the last two days with a total decline of -2.29%. Over the past week, the stock has underperformed the sector by -0.29% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a significant decline in investor participation, with delivery volume dropping by -22.78% against the 5-day average. The stock has generated a staggering -47.51% return over the past year, while profits have plummeted by -90.9%, indicating severe financial distress. Furthermore, 54.12% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, HFCL's performance has been notably poor compared to the benchmark, with a -11.86% return over the past month versus a -2.38% decline in the Sensex. This stark contrast highlights the stock's underperformance not only in the short term but also over the last three years, where it has lagged behind the BSE500. The company's negative financial results, including a -24.8% drop in net sales and consecutive quarterly losses, further exacerbate its challenges. Despite a low Debt to EBITDA ratio suggesting some ability to service debt, the overall outlook remains bleak, contributing to the stock's decline in value.