Why is Hindustan Motors falling/rising?

As of 24-Jul, Hindustan Motors Ltd is experiencing a decline in its stock price, currently at 24.21, which reflects a decrease of 0.99 or 3.93%. The stock has underperformed its sector by 3.99% today and has seen a trend reversal after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish sentiment. Over the past week, the stock has dropped by 5.61%, and its year-to-date performance shows a significant decline of 15.05%. The company has reported negative financial results, including a 100% fall in net sales and a negative EBITDA, which raises concerns about its ability to service debt and sustain operations. Additionally, the low participation from domestic mutual funds, holding only 0.05%, suggests a lack of confidence in the company's prospects.
In the broader market context, while the Sensex has shown a slight increase of 0.16% over the past month, Hindustan Motors has significantly lagged behind with a 17.79% decline in the same period. This stark contrast highlights the stock's underperformance relative to the benchmark. The company's poor long-term growth trajectory, with an annual operating profit growth rate of only 8.37% over the last five years, further compounds the negative outlook. Given these factors, the stock's recent performance reflects a combination of weak financial health and unfavorable market sentiment.