Why is Hindustan Zinc falling/rising?

As of 06-Aug, Hindustan Zinc Ltd's stock price is currently at 419.55, reflecting a decrease of 1.5, or 0.36%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 0.42% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's delivery volume has dropped significantly, falling by 42.6% against the 5-day average, which suggests declining investor participation. Despite a high dividend yield of 4.52%, the company has shown poor long-term growth, with operating profit declining at an annual rate of 2.83% over the past five years. Furthermore, the recent decrease in promoter stake by 1.58% may signal reduced confidence in the company's future prospects.
In the broader market context, Hindustan Zinc has underperformed compared to the Sensex, with a 1-week return of -2.97% against the benchmark's -1.15%. Over the past year, the stock has generated a return of -30.71%, while the Sensex has increased by 2.48%. This stark contrast highlights the stock's struggles relative to the market. The company's high valuation metrics, including a premium compared to peers and a low debt-to-equity ratio, do not seem to be enough to instill investor confidence, especially in light of the declining sales and profit figures. Overall, the combination of poor performance metrics, reduced promoter confidence, and a significant drop in trading activity contributes to the stock's current downward trajectory.