Why is Hindustan Motors falling/rising?

As of 17-Jul, Hindustan Motors Ltd is experiencing a decline in its stock price, currently at Rs 25.65, which represents a decrease of 1.35 or 5.0%. The stock has underperformed its sector by 4.81% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 7.7% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has fallen by 8.16%, and its year-to-date performance shows a decline of 10.00%. The company has reported significant negative financial results, including a 100% drop in net sales and consecutive quarterly losses, which contribute to its poor outlook and high debt-to-EBITDA ratio.
In the broader market context, while the Sensex has shown a slight increase of 0.83% over the past month, Hindustan Motors has significantly underperformed, with a 20.61% decline in the same period. This stark contrast highlights the company's struggles relative to the overall market performance. The negative sentiment surrounding the stock is further exacerbated by its low institutional ownership, indicating a lack of confidence from domestic mutual funds. Overall, the combination of poor financial results, high debt levels, and underperformance compared to market benchmarks has led to the stock's current downward trajectory.