Why is HMA Agro Inds. falling/rising?

As of 18-Jul, HMA Agro Industries Ltd is experiencing a decline in its stock price, currently at 30.26, reflecting a decrease of 0.64 or 2.07%. The stock has underperformed its sector by 1.41% today and has shown a trend reversal after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.62%, and it has significantly underperformed the benchmark Sensex over the past month and year, with returns of -8.44% and -42.80%, respectively. The company's return on capital employed is low at 6.7%, and despite being valued attractively compared to peers, its profits have fallen by 46% over the past year, contributing to the stock's negative performance.
In the broader market context, while the Sensex has shown a slight gain of 0.38% over the past month, HMA Agro's performance has been notably poor, with a year-to-date decline of 24.16%. The company's weak long-term fundamentals, including a high debt-to-EBITDA ratio and a significant drop in operating profits, further exacerbate investor concerns. Additionally, the reduction in promoter stake by 1.98% may signal a lack of confidence in the company's future prospects, which could deter potential investors. Overall, the combination of poor financial performance, negative sentiment, and underperformance relative to the market contributes to the stock's current downward trajectory.