Why is Hindustan Motors falling/rising?

As of 03-Sep, Hindustan Motors Ltd is experiencing a price decline, currently at 23.25, down by 0.19 or 0.81%. The stock has underperformed its sector by 1.87% today and has seen a trend reversal after two consecutive days of gains. While the stock has shown a positive return of 3.56% over the past week and 0.22% over the past month, it has significantly underperformed over the longer term, with a year-to-date decline of 18.42% and a one-year drop of 22.68%. The company has reported negative results for the last three consecutive quarters, with a high Debt to EBITDA ratio indicating a low ability to service debt, which has contributed to its poor performance. Additionally, the stock's negative EBITDA and declining profits further exacerbate its risk profile, leading to a bearish sentiment among investors.
In the broader market context, the Sensex has shown a slight decline of 0.27% over the past week and a modest increase of 3.11% year-to-date, indicating that while the market is generally stable, Hindustan Motors is lagging behind. The stock's recent performance contrasts sharply with the benchmark, especially considering its long-term underperformance relative to the BSE500 over the past three years, one year, and three months. This underperformance, coupled with the company's financial struggles, contributes to the negative outlook for Hindustan Motors, reinforcing the reasons for its current price decline.