Why is Hipolin falling/rising?

As of 24-Jun, Hipolin Ltd's stock price is currently at Rs. 79.10, reflecting a decrease of Rs. 4.75 or 5.66%. The stock has hit a new 52-week low of Rs. 79.05 today and has underperformed its sector by 6.1%. Over the past week, the stock has declined by 8.02%, and its year-to-date performance shows a significant drop of 50.31%. The company's operating losses and poor long-term growth, indicated by an annual rate of -183.09% in operating profit over the last five years, contribute to its weak fundamental strength. Additionally, the stock's negative EBITDA and a high percentage of pledged promoter shares further exacerbate its downward pressure.
In the broader market context, while the Sensex has shown a slight gain of 0.58% over the past week, Hipolin's performance starkly contrasts with this trend. The stock has underperformed the market significantly over the last year, with a return of -34.60% compared to the benchmark's positive return of 2.98%. This disparity highlights the challenges Hipolin faces in attracting investor confidence, particularly in light of its recent negative quarterly results and declining investor participation, as evidenced by a 32.64% drop in delivery volume.