Why is HMT falling/rising?

As of 24-Jul, HMT Ltd's stock price is currently at 62.00, reflecting a decrease of -0.73, or -1.16%. The stock has been experiencing a downward trend, having lost -1.2% over the last two days. It is trading above its 100-day moving average but below its 5-day, 20-day, 50-day, and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by -31.76% compared to the 5-day average. The company's long-term fundamentals are weak, indicated by a negative book value, declining net sales, and a high debt-to-equity ratio. Furthermore, recent negative financial results, including a significant drop in profit after tax and operating profit, contribute to the stock's poor performance, which has seen a -31.29% return over the past year.
In the broader market context, HMT Ltd has underperformed significantly compared to the benchmark, with the Sensex showing a slight increase of +0.16% over the past month while HMT's stock has declined by -4.62%. This stark contrast highlights the challenges faced by HMT in attracting investor confidence, as evidenced by the minimal stake held by domestic mutual funds, which may reflect their lack of comfort with the company's current valuation and business outlook. Overall, the combination of weak financial performance, declining investor interest, and significant underperformance relative to the market contributes to the stock's current downward trajectory.