Why is The Hi-Tech Gear falling/rising?

As of 25-Jun, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at Rs 714.00, reflecting a decrease of Rs 25.4 or 3.44%. The stock has underperformed its sector today by 5.34%, with an intraday low of Rs 711.6. Over the past week, the stock has seen a return of -6.05%, while it has generated a return of -25.44% over the past year, significantly underperforming the benchmark Sensex, which has increased by 1.61% during the same week and 6.02% over the past year. The company's recent financial performance has been weak, with net sales and profits declining sharply in the last quarter, contributing to a negative sentiment among investors. Additionally, the stock is trading at a discount compared to its peers, but the overall weak long-term fundamentals and low investor confidence, as indicated by the negligible domestic mutual fund holdings, suggest a lack of support for the stock's price.
Broader Market Context: The broader market context shows that while the Sensex has performed positively, The Hi-Tech Gears Ltd has struggled significantly, with a year-to-date return of -10.64% compared to the Sensex's gain of 5.91%. This stark contrast highlights the company's ongoing challenges and investor concerns regarding its growth potential and financial stability. The stock's poor performance relative to the benchmark indicates a lack of confidence in its recovery, further exacerbated by its weak long-term growth metrics and high debt levels, which may deter potential investors from entering the stock.