Why is The Hi-Tech Gear falling/rising?

As of 14-Jul, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at Rs 693.00, which reflects a decrease of 3.0 points or 0.43%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.32% during this period. In terms of returns, the stock has seen a significant decline of 27.83% over the past year, contrasting sharply with the broader market, which has generated a modest return of 2.15%. Additionally, while the stock is trading at a discount compared to its peers, it has faced negative financial results, including a 19.8% drop in profit after tax in the most recent quarter, which raises concerns about its long-term growth potential.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 7.23% decline over the past week compared to a 1.42% drop in the Sensex. This underperformance is compounded by weak fundamentals, as indicated by a low average return on capital employed and a high debt-to-EBITDA ratio, which suggests challenges in servicing debt. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in its current valuation or business prospects. Overall, these factors contribute to a negative sentiment surrounding The Hi-Tech Gears Ltd, leading to its declining stock price.