Why is HMT falling/rising?

As of 11-Aug, HMT Ltd's stock price is currently at Rs 54.41, reflecting a decline of Rs 2.58 or 4.53%. The stock has underperformed its sector by 5.64% today, reaching an intraday low of Rs 54.16. Over the past week, the stock has decreased by 5.83%, and it has shown a significant drop of 15.01% over the past month. The company's negative book value and weak long-term fundamentals, highlighted by a -11.38% annual growth rate in net sales and a debt-to-equity ratio of 0, contribute to its poor performance. Additionally, the stock's negative EBITDA and a substantial decline in profits over the past year further exacerbate its downward trajectory, leading to a lack of investor confidence as evidenced by a 52.7% drop in delivery volume.
In the broader market context, HMT's performance has been notably worse than the benchmark, with the Sensex only declining by 0.51% over the past week and 2.30% over the past month. The stock has underperformed the market significantly over the last year, with a return of -37.13% compared to the BSE500's -1.85%. This stark contrast indicates that while the overall market has faced challenges, HMT's struggles are more pronounced, suggesting a lack of investor interest and confidence in the company's future prospects.