Why is Hindoo. Mills falling/rising?

As of 03-Sep, Hindoostan Mills Ltd is experiencing a decline in its stock price, currently at Rs 191.80, reflecting a decrease of Rs 1.2 or 0.62%. Today's price summary indicates that the stock underperformed its sector by 0.94% and opened with a significant loss of 6.06%, reaching an intraday low of Rs 181.3. The stock has fallen after four consecutive days of gains, and the trading volume has notably decreased, with delivery volume dropping by 94.46% compared to the five-day average. Additionally, the company is facing operational challenges, including weak long-term fundamental strength, negative EBITDA, and significant losses, which have contributed to its recent price movement.
In the broader market context, Hindoostan Mills has shown a short-term return of 5.91% over the past week, contrasting with a slight decline of 0.27% in the Sensex. However, the company's long-term performance has been concerning, with a year-to-date return of -10.54% compared to a positive 3.11% for the benchmark. The stock has consistently underperformed against the BSE500 over the last three years, which further highlights the challenges it faces in attracting investor confidence. Overall, the combination of operational losses, declining sales, and weak investor participation has led to the stock's current downward trajectory.