Why is The Hi-Tech Gear falling/rising?

As of 16-Jul, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at Rs 695.00, which reflects a decrease of Rs 10.0 or 1.42%. The stock has underperformed its sector by 1.3% today and has traded within a narrow range of Rs 5. Over the past week, the stock has seen a return of -5.05%, while it has significantly underperformed over the past month and year, with returns of -12.55% and -26.38%, respectively. The company's recent financial performance has also been concerning, with a notable drop in net sales and profit after tax in the latest quarter, alongside a high debt to EBITDA ratio, which raises questions about its long-term growth potential. Additionally, the stock is trading at a discount compared to its peers, but the falling investor participation, indicated by a 75.3% drop in delivery volume, suggests a lack of confidence among investors.
In the broader market context, the Sensex has shown a slight decline of 1.08% over the past week, which indicates that the stock's short-term performance is worse than the benchmark. While the market has generated positive returns of 5.75% year-to-date, The Hi-Tech Gears Ltd has faced a significant negative return of -13.02% in the same period. This stark contrast highlights the company's struggles relative to the overall market, further compounded by the fact that domestic mutual funds hold no stake in the company, signaling a lack of confidence in its future prospects.