Why is Hiliks Technolog falling/rising?

As of 30-Jun, Hiliks Technologies Ltd is experiencing a decline in its stock price, currently at Rs 56.96, reflecting a decrease of 1.16 (-2.0%). The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 11.07% during this period. It opened today with a loss of 2% and has not fluctuated from this price point. In terms of performance against benchmarks, the stock has significantly underperformed, with a one-week return of -9.59% compared to the Sensex's +2.09%, and a year-to-date decline of -50.71% against the Sensex's +7.00%. The company's weak long-term fundamentals, characterized by a low return on equity (ROE) of 3.40% and poor growth in net sales and operating profit, contribute to its negative performance. Additionally, the stock is trading at a premium compared to its peers, which further exacerbates investor concerns.
In the broader market context, the stock's recent performance contrasts sharply with the overall market, as it has underperformed the BSE 500, which generated returns of 3.95% over the past year while Hiliks Technologies recorded a negative return of -18.55%. This disparity highlights the stock's struggles in a generally positive market environment. Despite a rise in investor participation, indicated by a significant increase in delivery volume, the stock's liquidity remains relatively low, which may hinder its recovery. Overall, the combination of weak fundamentals, poor recent performance, and unfavorable comparisons to the broader market suggests that Hiliks Technologies Ltd is facing significant challenges that are driving its stock price down.