Why is Hipolin falling/rising?

As of 25-Jun, Hipolin Ltd's stock price is currently at Rs. 78.50, reflecting a decrease of Rs. 0.6 or 0.76%. The stock has recently hit a new 52-week low of Rs. 75.17 and has been on a downward trend, having fallen consecutively for the last two days with a total decline of 6.38%. Over the past week, the stock has underperformed significantly, with a return of -7.65%, while the benchmark Sensex has gained 1.61%. Additionally, the company has reported poor financial performance, including an operating loss and a negative profit after tax, which has contributed to its weak long-term fundamental strength. The stock's trading is also characterized by erratic patterns, with it not trading on two days out of the last twenty, and it is currently trading below all key moving averages.
In the broader market context, Hipolin's performance has been notably poor compared to the benchmark, as it has generated a return of -33.50% over the past year, while the market has seen an average return of 3.43%. The high percentage of pledged promoter shares, at 39.76%, adds further pressure on the stock in a declining market. The company's weak ability to service its debt, indicated by a poor EBIT to interest ratio, and the significant decline in operating profit over the last five years, have also raised concerns among investors. Overall, these factors contribute to a negative sentiment surrounding the stock, leading to its continued decline.