Why is HFCL falling/rising?

As of 04-Sep, HFCL Ltd's stock price is currently at Rs 70.04, reflecting a decrease of Rs 1.63 or 2.27%. The stock has underperformed the sector today, with a performance that is 1.35% lower than its peers. It is trading close to its 52-week low, just 2.08% above Rs 68.58, and has shown a significant decline over the past month with a return of -6.66%. The stock's performance over the last year is particularly concerning, with a staggering drop of -54.31% and a profit decline of -90.9%. Additionally, the company's financial health is under scrutiny due to negative results reported over the last three quarters, including a -24.8% fall in net sales and a -129% drop in profit after tax. The high percentage of pledged promoter shares, now at 54.12%, adds further downward pressure on the stock.
In the broader market context, HFCL's short-term return of +0.34% over the past week contrasts with the Sensex's gain of +0.80%, indicating underperformance relative to the benchmark. The stock's long-term outlook remains bleak, as it has generated a -37.99% return year-to-date compared to the Sensex's +3.30%. This underperformance is compounded by a poor growth trajectory, with operating profits declining at an annual rate of -10.80% over the last five years. The combination of falling investor participation, as evidenced by a 60.75% drop in delivery volume, and the company's inability to generate positive results has led to a negative sentiment surrounding HFCL, contributing to its current price decline.