Why is HMT falling/rising?

As of 23-Jul, HMT Ltd's stock price is currently at 62.73, reflecting a slight decline of 0.02, or 0.03%. The stock has underperformed its sector today by 1.28%, despite a notable increase in investor participation, with delivery volume rising by 72.37% compared to the 5-day average. However, the stock's long-term fundamentals appear weak, as it has not declared results in the last six months and has shown poor growth metrics, including a significant decline in net sales and operating profit over the past five years. Additionally, the stock has a high debt-to-equity ratio, indicating financial instability, which may contribute to investor hesitance.
In the broader market context, HMT's performance has been notably poor, with a year-to-date return of -0.03% compared to the Sensex's gain of 5.87%. Over the past year, HMT has generated a return of -27.02%, significantly underperforming the market, which has seen a modest increase of 2.86%. This stark contrast in performance may reflect broader investor sentiment, as domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its future prospects. Overall, the combination of weak fundamentals, high debt, and poor market performance contributes to the stock's downward movement.