Why is Hindustan Motors falling/rising?

As of 22-Jul, Hindustan Motors Ltd's stock price is currently at Rs 24.31, reflecting an increase of Rs 1.15 or 4.97%. Today, the stock has shown a trend reversal after four consecutive days of decline, outperforming its sector by 5.08%. Despite this positive movement, the stock opened with a loss of 4.58% and has experienced high volatility, trading in a wide range of Rs 2.3. Over the past week, the stock has declined by 12.52%, and its performance over the last month shows a significant drop of 19.48%. The company has reported losses and has a negative net worth, which raises concerns about its ability to service debt, as indicated by a high Debt to EBITDA ratio of -1.00 times. Additionally, the stock has underperformed in the long term, with a return of -20.35% over the past year.
In the broader market context, the Sensex has only decreased by 0.47% over the past week, indicating that Hindustan Motors' short-term performance is significantly worse than the benchmark. The company's negative financial results, including a 100% fall in net sales and consecutive quarters of losses, contribute to its poor outlook. Furthermore, the stock's trading below all major moving averages suggests a bearish trend. The decline in delivery volume by 14.86% against the five-day average also indicates falling investor participation, which could further pressure the stock. Overall, while there is a slight uptick today, the underlying financial issues and broader market performance suggest a challenging environment for Hindustan Motors.