Why is Hitech Corp. falling/rising?

As of 24-Jul, Hitech Corporation Ltd's stock price is currently at Rs 200.00, reflecting a decrease of Rs 4.3 or 2.1%. The stock has been underperforming, having fallen for the last two days with a total decline of 3.5%. Today's trading saw the stock reach an intraday high of Rs 213.7 but also dip to a low of Rs 200. The stock's performance over the past week shows a decline of 5.26%, while it has generated a negative return of 14.53% over the past year. Despite a low Debt to EBITDA ratio indicating a strong ability to service debt and an attractive valuation compared to peers, the stock's profits have significantly decreased by 59.3% over the past year, contributing to its recent price decline.
In the broader market context, Hitech Corporation's performance has been notably weaker than the benchmark, with a year-to-date return of -16.32% compared to the Sensex's positive return of 5.18%. The stock has consistently underperformed against the benchmark over the last three years, which has likely contributed to a decline in investor confidence. Additionally, the falling investor participation, as evidenced by a significant drop in delivery volume, suggests a lack of interest from traders, further pressuring the stock price. Overall, the combination of poor long-term growth, negative quarterly results, and consistent underperformance against the market has led to the stock's current downward trend.