Why is Hitech Corp. falling/rising?

As of 17-Jul, Hitech Corporation Ltd's stock price is currently at Rs 211.10, reflecting a decrease of Rs 5.1 or 2.36%. Today's price summary indicates that the stock has underperformed its sector by 2.73%, with an intraday high of Rs 235 and a low of Rs 203.55, showcasing high volatility with a range of Rs 31.45. The stock has shown a positive return of 1.49% over the past week and 8.28% over the past month, but it has significantly underperformed over the year with a return of -15.56%. The company has a low Debt to EBITDA ratio of 1.42, indicating a strong ability to service debt, and is trading at a discount compared to its peers. However, the stock's profits have fallen by 59.3% over the past year, and it has declared negative results for the last four consecutive quarters, contributing to its recent decline.
In the broader market context, while Hitech Corporation has shown some short-term resilience with positive returns over the past week and month, it has consistently underperformed against the benchmark, the Sensex, over the last three years. The Sensex has gained 5.27% year-to-date, contrasting sharply with Hitech's decline of 11.67%. This consistent underperformance, coupled with poor long-term growth prospects and negative quarterly results, has likely contributed to the stock's downward movement, despite some positive indicators such as rising investor participation and attractive valuations.