Why is Hind.Natl.Glass falling/rising?

As of 07-Jul, Hindusthan National Glass & Industries Ltd is experiencing a decline in its stock price, currently at 16.49, reflecting a decrease of 0.86 or 4.96%. The stock has underperformed its sector by 1.81% today and has shown erratic trading patterns, not trading on four out of the last twenty days. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 4.96%, and its performance over the past month and year shows significant declines of 19.48% and 37.35%, respectively. The company has reported negative results for the last three consecutive quarters, with a drastic fall in earnings per share and net sales, contributing to a weak long-term fundamental strength due to high debt and a negative book value. Additionally, 96.5% of promoter shares are pledged, which adds further downward pressure in a declining market.
In the broader market context, the stock's short-term performance is notably worse than the benchmark, with the Sensex only declining by 0.20% over the same week. While the glass sector has also seen a decrease of 3.11%, the overall market has been more resilient, as indicated by the Sensex's positive return of 1.53% over the past month. The stark contrast between Hindusthan National Glass's performance and that of the broader market highlights the company's ongoing struggles and investor concerns, leading to a lack of confidence reflected in the stock's price movement.