Why is HFCL falling/rising?

As of 29-Aug, HFCL Ltd's stock price is currently at Rs. 70.27, reflecting an increase of 0.47 (0.67%). The stock has recently hit a new 52-week low of Rs. 68.58 and has shown a trend reversal by gaining after two consecutive days of decline. Despite this uptick, HFCL's performance over the past week and month has been negative, with returns of -4.51% and -10.67%, respectively. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, the company has a low Debt to EBITDA ratio of 1.04, suggesting a strong ability to service debt, but it has faced significant challenges, including a 90.9% drop in profits over the past year and negative results for the last three consecutive quarters.
In the broader market context, HFCL's recent performance contrasts sharply with the benchmark Sensex, which has shown a decline of only 1.84% over the past week and 1.88% over the past month. This underperformance is further highlighted by HFCL's year-to-date return of -37.79%, compared to the Sensex's positive return of 2.14%. The stock's high proportion of pledged promoter shares, which has increased by 4.4% over the last quarter, adds to the downward pressure in a falling market. Overall, while there is a slight uptick in the stock price, the underlying fundamentals and recent performance indicate significant challenges ahead for HFCL Ltd.