Why is HFCL falling/rising?

As of 25-Aug, HFCL Ltd's stock price is currently at 74.21, reflecting an increase of 0.62 or 0.84%. The stock has shown a positive performance today, outperforming its sector by 0.47%, and has gained consecutively over the last two days, with a total return of 1.94% during this period. However, despite this short-term gain, the stock has experienced a significant decline of 50.51% over the past year, with profits plummeting by 90.9%. The company has also reported negative results for the last three consecutive quarters, contributing to a poor long-term growth outlook, as indicated by an annual operating profit decline of 10.80% over the last five years. Additionally, 54.12% of promoter shares are pledged, which can exert downward pressure on the stock price in a falling market.
In the broader market context, HFCL's short-term return of 1.78% over the past week outperformed the Sensex, which only increased by 0.45%. However, the stock's year-to-date performance is notably poor, with a decline of 34.30% compared to the Sensex's gain of 4.48%. This stark contrast highlights the challenges HFCL faces, particularly with a falling net sales figure of 24.8% and a substantial drop in profitability. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume by 59.04% against the five-day average suggests waning investor interest, further complicating the stock's recovery prospects.