Why is HMT falling/rising?

As of 31-Jul, HMT Ltd's stock price is currently at 58.89, reflecting a decrease of 0.1, or 0.17%. The stock has recently outperformed its sector by 1.63%, but it has experienced a trend reversal after two consecutive days of gains. In terms of performance, the stock has fallen by 5.02% over the past week and 9.47% over the past month, while it has significantly underperformed the market with a year-to-date decline of 6.15% compared to a 3.90% increase in the Sensex. The company is facing challenges, including a negative book value and poor long-term growth, with net sales declining at an annual rate of 11.38%. Additionally, the stock is considered risky due to negative EBITDA and a high debt-to-equity ratio, which may contribute to its recent price movement.
Broader market context indicates that while the overall market has seen a slight decline of 1.22% over the past week, HMT's performance has been notably worse, highlighting its struggles in comparison to the benchmark. The stock's significant drop of 37.72% over the past year contrasts sharply with the Sensex's minimal decline of 0.68%, suggesting that investor sentiment towards HMT is particularly negative. Furthermore, the falling investor participation, as evidenced by a decrease in delivery volume, coupled with the low stake held by domestic mutual funds, indicates a lack of confidence in the company's future prospects, further impacting its stock price negatively.