Why is Hipolin falling/rising?

As of 01-Jul, Hipolin Ltd's stock price is currently at Rs. 69.44, reflecting a decrease of Rs. 3.55 or 4.86%. The stock has recently hit a new 52-week low of Rs. 69.35 and has underperformed its sector by 4.17%. Over the past week, the stock has seen a significant decline of 12.21%, and its year-to-date performance shows a staggering drop of 56.38%. The company's financial health is concerning, with operating losses and a weak long-term fundamental strength, evidenced by a negative annual growth rate of operating profit at -183.09% over the last five years. Additionally, the stock's risk is heightened due to negative EBITDA and a high percentage of pledged promoter shares, which can exert further downward pressure on the stock price.
In the broader market context, while the Sensex has shown a positive return of 2.00% over the past week and 7.11% year-to-date, Hipolin's performance starkly contrasts this trend, highlighting its struggle in the market. The stock's significant underperformance is further illustrated by its return of -41.18% over the past year, compared to the market's positive return of 3.20%. This divergence indicates that investor confidence in Hipolin is waning, likely influenced by its poor financial results and declining investor participation, as evidenced by a 42.78% drop in delivery volume against the five-day average.