Why is HFCL falling/rising?

As of 05-Sep, HFCL Ltd's stock price is currently at Rs 69.84, reflecting a decrease of -0.2 (-0.29%). The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of -2.55% during this period. It is also trading close to its 52-week low, just 1.8% away from Rs 68.58. Over the past week, the stock has decreased by -0.61%, and its performance over the last month shows a significant decline of -5.63%. The company has reported negative results for the last three consecutive quarters, with net sales falling by -24.8% and profits dropping by -90.9%. Additionally, 54.12% of promoter shares are pledged, which adds downward pressure on the stock price in a falling market.
In the broader market context, HFCL's performance has been notably poor compared to the benchmark, with the Sensex gaining +1.13% over the past week while HFCL has declined. The stock has generated a return of -55.69% over the past year, significantly underperforming the BSE500 index. The telecommunications equipment sector has seen a gain of +2.14%, further highlighting HFCL's struggles. The falling investor participation, with a delivery volume that has decreased by -44.87% against the five-day average, indicates a lack of confidence among investors, contributing to the stock's downward trend.