Why is The Hi-Tech Gear falling/rising?

As of 11-Jul, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at Rs 696.00, reflecting a decrease of Rs 23.95 or 3.33%. The stock has underperformed its sector by 2.65% today and has been on a downward trend for the last two days, with a total drop of 4.91% during this period. It opened with a loss of 2.94% and reached an intraday low of Rs 691.1, indicating significant selling pressure. Over the past week, the stock has seen a return of -10.18%, and over the past year, it has generated a negative return of -29.69%, while its profits have fallen by 16.9%. The company has a Return on Capital Employed (ROCE) of 11.1, which is attractive, but it also has a high Debt to EBITDA ratio of 2.82 times, indicating a low ability to service debt, contributing to its weak long-term fundamental strength.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with the Sensex showing a minimal decline of only 1.12% over the past week. This stark contrast highlights the stock's struggles, as it has consistently underperformed the market, generating negative returns while the broader market has seen positive growth. Additionally, the lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in the stock's valuation and business prospects. This combination of weak financial performance, high debt levels, and poor market sentiment has led to the stock's continued decline.