Why is HFCL falling/rising?

As of 26-Aug, HFCL Ltd's stock price is currently at Rs 71.78, reflecting a decrease of Rs 2.43, or 3.27%. The stock has underperformed its sector today, falling by 0.37%, and has touched an intraday low of Rs 71.6. Over the past week, HFCL has seen a decline of 3.69%, and its year-to-date performance shows a significant drop of 36.45%. The company has faced negative results in recent quarters, with net sales falling by 24.8% and profits declining by 90.9%. Additionally, 54.12% of promoter shares are pledged, which adds downward pressure on the stock in a falling market.
In the broader market context, HFCL's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.05% over the past week. The telecommunications equipment sector has also experienced a decline of 2.81%. The stock's long-term growth prospects appear poor, with an annual operating profit growth rate of -10.80% over the last five years, contributing to its underperformance against the BSE500 index. Overall, the combination of negative financial results, high pledged shares, and poor market sentiment has led to the stock's current downward trajectory.