Why is Hindustan Motors falling/rising?

As of 18-Jul, Hindustan Motors Ltd's stock price is currently at Rs 24.37, reflecting a decline of 1.28 (-4.99%). The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 12.31% during this period. It opened with a significant loss of 4.8% today and reached an intraday low of Rs 24.37. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the company has reported negative financial results, including a 100% decline in net sales and negative earnings before interest, taxes, depreciation, and amortization (EBITDA), which raises concerns about its ability to service debt. The lack of investor confidence is further highlighted by the minimal stake held by domestic mutual funds.
In the broader market context, Hindustan Motors has significantly underperformed compared to the Sensex, with a 1-week return of -12.09% against the benchmark's -0.90% and a year-to-date return of -14.49% compared to the Sensex's +4.63%. This stark contrast indicates that while the overall market has shown resilience, Hindustan Motors continues to struggle, reflecting poor long-term growth prospects and negative investor sentiment. The company's financial instability, characterized by consecutive quarterly losses and a high debt-to-EBITDA ratio, contributes to its declining stock performance, making it a risky investment in the current market environment.