Why is HMT falling/rising?

As of 16-Jul, HMT Ltd's stock price is currently at 64.24, reflecting a slight increase of 0.24 or 0.37%. Today's performance indicates that the stock has outperformed its sector by 0.88%. The stock is trading above its 50-day, 100-day, and 200-day moving averages, although it is below its 5-day and 20-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 343% compared to the 5-day average. However, the company has not declared results in the last six months, and its long-term fundamentals appear weak, with net sales declining at an annual rate of -13.15% and a negative EBITDA. Additionally, the stock has underperformed the market over the past year, generating a return of -33.00% compared to the benchmark's positive performance.
In the broader market context, HMT's short-term performance shows a decline of -1.17% over the past week, while the benchmark Sensex has decreased by a smaller margin of -1.08%. This indicates that HMT is not only struggling in its own right but is also lagging behind the overall market. The company's high debt levels, as indicated by a debt-to-equity ratio that is the highest at -0.59 times, further complicate its financial stability. The lack of confidence from domestic mutual funds, which hold only 0.02% of the company, suggests that institutional investors may be wary of the stock's valuation and business prospects. Overall, the combination of weak fundamentals, poor long-term growth, and underperformance relative to the market contributes to the stock's current challenges.