Why is Hindoo. Mills falling/rising?

As of 26-Sep, Hindoostan Mills Ltd is experiencing a decline in its stock price, currently at Rs 171.00, reflecting a decrease of Rs 13.75 or 7.44%. The stock has underperformed its sector by 3.23% today, reaching an intraday low of Rs 170. The company is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 5.37%, and it has shown a significant decline of 20.24% year-to-date. The company's financial health is concerning, with operating losses and a negative return on capital employed (ROCE). The latest financial results reveal a substantial drop in net sales and profits, further contributing to the stock's downward trajectory.
In the broader market context, Hindoostan Mills has consistently underperformed against the benchmark, with a 1-year return of -25.65% compared to the BSE500's -6.30%. The textile machinery sector has also faced challenges, declining by 4.23%. The stock's liquidity appears to be diminishing, as evidenced by a significant drop in delivery volume. This combination of poor financial performance, weak fundamentals, and negative market sentiment has led to a lack of investor confidence, resulting in the stock's continued decline.