Why is HFCL falling/rising?

As of 09-Sep, HFCL Ltd's stock price is currently at 70.07, reflecting a decrease of 0.9, or 1.27%. The stock has underperformed significantly, with a return of -54.34% over the past year, and it is trading lower than all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day). Today's performance indicates that it is 2.13% away from its 52-week low and has underperformed its sector by 1.64%. The company has reported negative results for the last three consecutive 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 in a falling market.
In the broader market context, HFCL's short-term performance is notably worse than the benchmark Sensex, which has gained 1.18% over the past week while HFCL has declined by 0.36%. This stark contrast highlights the stock's struggles relative to the market. Despite a rise in investor participation, with delivery volume increasing by 39.79% against the 5-day average, the overall sentiment remains negative due to the company's poor long-term growth prospects and significant financial challenges. The stock's current valuation appears to be at a discount compared to peers, but the ongoing negative financial results and high proportion of pledged shares continue to exert pressure on its price.