Why is The Hi-Tech Gear falling/rising?

As of 17-Jul, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at Rs 680.00, which represents a decrease of Rs 15.00 or 2.16%. The stock has underperformed its sector by 2.35% today and has seen a consecutive fall over the last two days, with a total decline of 3.55%. Additionally, the stock's performance over the past week shows a decrease of 5.55%, and it has significantly underperformed the market over the past year with a return of -27.97%. The company's financial health is concerning, as its profits have fallen by 16.9% over the past year, and it has a high Debt to EBITDA ratio of 2.82 times, indicating a low ability to service debt. The stock is trading at a discount compared to its peers, but the weak long-term fundamentals and falling investor participation, with a delivery volume drop of 98.01%, suggest a lack of confidence among investors.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex showing a slight increase of 0.83% over the past month, while The Hi-Tech Gears Ltd has declined by 9.94%. This stark contrast highlights the stock's struggles relative to the overall market, which has generated positive returns of 5.27% year-to-date compared to the stock's decline of 14.89%. The negative sentiment surrounding the stock is further compounded by the fact that domestic mutual funds hold no stake in the company, indicating a lack of confidence from institutional investors. Overall, the combination of poor financial results, weak long-term growth prospects, and significant underperformance against the benchmark contributes to the stock's current downward trend.