Why is HMT falling/rising?

As of 10-Nov, HMT Ltd's stock price is currently at Rs 53.90, reflecting a decrease of Rs 1.3, or 2.36%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.99% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has significantly decreased, with delivery volume dropping by 79.22% compared to the five-day average. The company is facing serious challenges, including a negative book value, a high debt-to-equity ratio, and poor long-term growth metrics, which have contributed to its recent price decline. Over the past year, HMT has underperformed the market, with a return of -24.30% compared to the BSE500's positive return of 3.81%.
In the broader market context, HMT's short-term performance has been notably weaker than the benchmark, with a one-week return of -4.11% compared to the Sensex's -0.53%. This stark contrast highlights the stock's struggles relative to the overall market. The company's negative financial indicators, such as declining net sales and profits, coupled with minimal interest from domestic mutual funds, suggest a lack of confidence in its future prospects. Consequently, these factors have contributed to a negative sentiment surrounding the stock, leading to its current downward trajectory.