Why is HFCL falling/rising?

As of 17-Sep, HFCL Ltd's stock price is currently at 75.14, reflecting a decrease of 1.28, or 1.67%. The stock has underperformed its sector today by 0.99% and has experienced a trend reversal after three consecutive days of gains, touching an intraday low of Rs 74.86. Over the past week, the stock has shown a positive return of 6.33%, but it has significantly underperformed on a year-to-date basis with a decline of 33.47%. The company's financial health is concerning, as it has reported negative results for the last three consecutive quarters, with a substantial drop in net sales and profits. Additionally, 54.12% of promoter shares are pledged, which can exert further downward pressure on the stock price in a falling market.
In the broader market context, while HFCL has shown a positive return over the last week, it has lagged behind the benchmark Sensex, which has returned 1.56% in the same period. The stock's long-term performance is also troubling, with a 51.11% decline over the past year compared to a slight decrease of 0.46% for the Sensex. Despite a low Debt to EBITDA ratio indicating some ability to service debt, the overall poor long-term growth and significant drops in net sales and profits suggest that investor sentiment remains negative. The stock's current valuation is at a discount compared to its peers, but the ongoing financial struggles and high proportion of pledged shares contribute to its declining price movement.