Why is Indian Hume Pipe falling/rising?

As of 29-Sep, Indian Hume Pipe Company Ltd's stock price is currently at Rs 358.60, reflecting a decline of Rs 6.65 or 1.82%. The stock has been on a downward trend, losing value for the last eight consecutive days, resulting in a total drop of 8.94% during this period. Although it opened with a gain of 3.01% today, it reached an intraday high of Rs 376.25 before falling to a low of Rs 352.2. The stock is trading below its moving averages across various time frames, indicating weak performance. Additionally, the company has experienced a significant decline in profits over the past year, with a return of -26.91%, which is substantially worse than the broader market's decline of -6.08%. The high Debt to EBITDA ratio and low Return on Equity further contribute to concerns about the company's financial health.
In the broader market context, the stock's performance over the past week shows a decline of 5.18%, while the benchmark Sensex has only fallen by 2.18%. This underperformance highlights the stock's weakness relative to the market. The company's fundamentals are also concerning, with a low ability to service debt and a significant portion of promoter shares pledged, which can exert additional downward pressure in a falling market. Overall, the combination of poor recent performance, weak financial metrics, and negative investor sentiment has led to the stock's continued decline.