Why is Hilton Met.Forg. falling/rising?

As of 04-Jul, Hilton Metal Forging Ltd is experiencing a decline in its stock price, currently at Rs 62.90, which reflects a decrease of Rs 1.8 or 2.78%. The stock has underperformed its sector by 3.35% today, touching an intraday low of Rs 62.42. Over the past week, the stock has dropped by 5.03%, and it has significantly underperformed in the last month with a decline of 18.79%. Despite a recent declaration of positive quarterly results, including the highest net sales and profit after tax in recent quarters, the stock's long-term fundamentals remain weak, with a low return on capital employed and a high debt-to-EBITDA ratio. Additionally, the reduction in promoter stake by 0.92% may indicate a lack of confidence in the company's future, further contributing to the stock's downward pressure.
In the broader market context, Hilton Metal Forging Ltd has underperformed relative to the benchmark index, the Sensex, which has gained 3.01% over the past month. The stock's year-to-date performance shows a significant decline of 36.03%, contrasting sharply with the Sensex's increase of 6.77% during the same period. This stark difference highlights the challenges faced by Hilton Metal Forging Ltd in attracting investor confidence and maintaining competitive performance against the market backdrop.