Why is HMT falling/rising?

As of 28-Jul, HMT Ltd's stock price is currently at Rs 57.90, reflecting a decline of Rs 2.15 or 3.58%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -7.73% over this period. Today's trading saw the stock reach an intraday low of Rs 57.12, indicating significant selling pressure. In terms of longer-term performance, the stock has underperformed the benchmark, with a one-year return of -33.06% compared to the Sensex's slight decline of -0.54%. The company's weak fundamentals, highlighted by a negative book value and a high debt-to-equity ratio, contribute to its poor long-term growth prospects, with net sales declining at an annual rate of -11.38% over the last five years.
Broader Market Context: In the context of the broader market, HMT Ltd's recent performance has been notably weaker than the benchmark indices. While the Sensex has seen a modest decline of -1.59% over the past week, HMT's stock has dropped by -6.97% in the same timeframe. This stark contrast underscores the company's struggles, as it has not only underperformed the market but also faced declining investor participation, with delivery volume decreasing by -2.87% against the five-day average. The overall market sentiment appears to be cautious, particularly towards HMT Ltd, as domestic mutual funds hold a minimal stake, suggesting a lack of confidence in the company's future performance.