Why is Hind.Construct. falling/rising?

As of 23-Jul, Hindustan Construction Company Ltd's stock price is currently at 28.05, reflecting a decrease of 0.1, or 0.36%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 3.48% over the past week. Additionally, it has significantly underperformed against the benchmark Sensex, which has gained 0.11% in the same period. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. While the company has reported strong operating profit metrics, including a high operating profit to interest ratio and a substantial PBDIT, it has also faced challenges such as a significant decline in profits over the past year and a high debt to EBITDA ratio, which raises concerns about its long-term financial health.
In the broader market context, Hindustan Construction Company Ltd has underperformed the market significantly, with a one-year return of -41.06% compared to the Sensex's gain of 2.86%. This stark contrast highlights the stock's struggles in a generally positive market environment. The high percentage of pledged promoter shares (78.89%) further exacerbates the stock's downward pressure, particularly in a falling market. Overall, the combination of weak long-term fundamentals, declining investor participation, and a lack of positive momentum relative to the benchmark contributes to the stock's current downward trajectory.