Why is HFCL falling/rising?

As of 23-Sep, HFCL Ltd's stock price is currently at 75.25, reflecting an increase of 0.39 or 0.52%. The stock has shown a trend reversal by gaining after two consecutive days of decline. However, it is important to note that the stock's performance has been below par, with a one-week return of -1.53% compared to the benchmark Sensex's -0.34%. The stock is trading higher than its 20-day and 50-day moving averages but lower than its 5-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 73.98% against the 5-day average. The company has a low Debt to EBITDA ratio of 1.04 times, indicating a strong ability to service debt, but it has also faced a substantial decline in profits, which fell by 90.9% over the past year.
In the broader market context, HFCL's short-term performance has been weaker than the benchmark, as evidenced by its -1.53% return over the past week versus the Sensex's -0.34%. The stock has underperformed significantly over the past year, with a return of -53.32% compared to the Sensex's -3.33%. The company has declared negative results for the last three consecutive quarters, with net sales falling by 24.8% and a substantial decline in profitability. Furthermore, 54.12% of promoter shares are pledged, which adds downward pressure on the stock price in a falling market. Overall, while there are some positive factors such as fair valuation and liquidity, the negative performance indicators and high levels of pledged shares contribute to a challenging outlook for HFCL Ltd.