Why is Hitech Corp. falling/rising?

As of 15-Jul, Hitech Corporation Ltd's stock price is currently at 204.80, reflecting a decrease of 2.7, or 1.3%. The stock has underperformed its sector today by 2.5%, despite showing higher performance compared to its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Over the past week, the stock has gained 2.40%, and over the last month, it has increased by 8.76%. However, the year-to-date performance shows a decline of 14.31%, and the stock has generated a return of -18.44% over the past year, indicating significant challenges. The company's ability to service debt is strong, with a low Debt to EBITDA ratio of 1.42, and it is trading at a discount compared to peers. However, the stock has consistently underperformed, with profits falling by 59.3% over the past year and negative results reported for the last four consecutive quarters.
In the broader market context, Hitech Corporation's recent performance contrasts with the benchmark, as the Sensex has shown a positive return of 5.67% year-to-date. The stock's consistent underperformance against the benchmark over the last three years, alongside a poor long-term growth rate of -4.45% in operating profit, raises concerns for investors. The stock's liquidity appears adequate for trading, but the negative sentiment surrounding its declining profits and operational challenges may contribute to the current price drop. Overall, while there are some positive aspects regarding valuation and debt management, the persistent negative financial results and underperformance relative to the market are likely influencing the stock's downward movement.