Why is The Hi-Tech Gear falling/rising?

As of 23-Jun, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at 704.20, which reflects a decrease of 18.8 points or 2.6%. The stock has underperformed its sector by 1.49% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.34%. Over the past week, the stock has seen a significant decline of 11.39%, while its one-year performance shows a stark decrease of 28.08%. The company's recent financial results indicate a concerning trend, with net sales and profit after tax falling significantly, contributing to a weak long-term fundamental strength characterized by a low return on capital employed and high debt levels. Additionally, the stock's liquidity appears to be decreasing, as evidenced by a dramatic drop in delivery volume.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has shown a slight increase of 0.12% over the past week. While the market has generated positive returns of 4.81% year-to-date, The Hi-Tech Gears Ltd has lagged behind with a year-to-date decline of 11.86%. This underperformance may be indicative of broader investor sentiment, as domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future prospects. Overall, the combination of weak financial results, declining investor participation, and poor relative performance against the benchmark has led to the stock's current downward trajectory.