Why is Hindprakash Indu falling/rising?

As of 14-Jul, Hindprakash Industries Ltd is experiencing a decline in its stock price, currently at Rs 142.80, reflecting a decrease of Rs 4.3 or 2.92%. The stock has underperformed its sector by 4.27% today, reaching an intraday low of Rs 142.80. Over the past week, the stock has dropped by 5.93%, while it has shown a modest increase of 11.56% over the past month. Despite positive results reported for March 25, including a higher profit after tax and net sales, the stock's long-term fundamentals are weak, with a significant decline in operating profits over the last five years and a low return on equity, which contributes to investor concerns.
Broader market context indicates that while the stock has underperformed the market significantly over the past year, generating a return of -15.65% compared to the Sensex's 2.15%, it has shown some resilience in the short term with a positive return over the last month. However, the falling investor participation, evidenced by a 53.44% drop in delivery volume, suggests a lack of confidence among investors. The stock's liquidity remains adequate, but the overall negative sentiment surrounding its long-term growth prospects continues to weigh heavily on its price movement.