Why is HMT falling/rising?

As of 11-Jul, HMT Ltd's stock price is currently at Rs 64.02, reflecting a decrease of Rs 1.35 or 2.07%. The stock has underperformed its sector by 1.25% today and reached an intraday low of Rs 64, which is a decline of 2.1%. Over the past week, the stock has seen a decline of 1.48%, and it has significantly underperformed over the last month with a drop of 7.87%. The company's long-term fundamentals appear weak, as it has not declared results in the last six months, and its net sales have decreased at an annual rate of 13.15%. Additionally, the company has a high debt-to-equity ratio and has reported negative EBITDA, indicating financial instability. Despite a rise in investor participation, the overall sentiment remains bearish due to these concerning financial metrics.
In the broader market context, the Sensex has declined by 1.12% over the past week, indicating that while HMT is also falling, it is underperforming relative to the benchmark. The stock's year-to-date return of 2.02% is notably lower than the Sensex's 5.58%, and over the past year, HMT has generated a return of -22.72% compared to the Sensex's positive return of 3.26%. This stark contrast highlights the stock's struggle to attract investor confidence, particularly as domestic mutual funds hold only a minimal stake, suggesting a lack of comfort with the company's current valuation and business outlook.