Why is The Hi-Tech Gear falling/rising?

As of 15-Jul, The Hi-Tech Gears Ltd is experiencing a price increase, currently at 705.00, reflecting a rise of 12.0 or 1.73%. The stock has gained after three consecutive days of decline, indicating a potential trend reversal. It has traded flat at this price since opening. Despite a negative return of -27.09% over the past year, the stock is currently trading at a discount compared to its peers' average historical valuations, with a return on capital employed (ROCE) of 11.1. However, the company has faced challenges, including a significant drop in profits by -16.9% over the past year, and recent quarterly results showed declines in net sales and profit after tax, which could weigh on investor sentiment.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has gained 2.36% over the past year, while The Hi-Tech Gears Ltd has seen a decline of -27.09%. In the short term, the stock's performance over the last week shows a decline of -3.29%, compared to the Sensex's smaller drop of -1.36%. This underperformance may contribute to the cautious sentiment among investors, as indicated by the low domestic mutual fund holdings, which suggest a lack of confidence in the stock's future performance. Despite the recent uptick in price, the overall trend and fundamental weaknesses may continue to impact investor decisions moving forward.