Why is Hipolin falling/rising?

As of 02-Jul, Hipolin Ltd's stock price is currently at Rs. 70.00, reflecting an increase of Rs. 0.56 or 0.81%. Despite this slight uptick, the stock has faced significant challenges, as evidenced by its performance metrics. The stock recently hit a new 52-week low of Rs. 68.32 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, Hipolin has experienced a substantial decline of 10.83%, and its year-to-date performance shows a staggering drop of 56.03%. The company is grappling with poor long-term fundamentals, highlighted by operating losses and a negative EBIT to interest ratio of -1.98, which raises concerns about its ability to service debt. Additionally, the stock's negative EBITDA and a significant drop in PAT further underscore the financial difficulties it faces.
In the broader market context, while the Sensex has shown a positive return of 0.79% over the past week, Hipolin has notably underperformed, reflecting a stark contrast to the benchmark's stability. The stock's performance over the last year has also been dismal, with a return of -40.58%, significantly lagging behind the BSE500's gain of 3.11%. The falling investor participation, indicated by a 25.66% decrease in delivery volume, coupled with 39.76% of promoter shares being pledged, adds to the downward pressure on the stock price. Overall, while there is a minor increase in the stock price today, the underlying factors suggest a continued struggle for Hipolin Ltd in a challenging market environment.