Why is The Hi-Tech Gear falling/rising?

As of 13-Aug, The Hi-Tech Gears Ltd's stock price is currently at 658.00, reflecting a decrease of 7.0, or 1.05%. The stock has underperformed its sector today by 2.67% and has experienced a consecutive decline over the last two days, with a total drop of 6%. It opened with a significant loss of 4.81% and reached an intraday low of Rs 631.75. Over the past week, the stock has fallen by 5.34%, and its year-to-date performance shows a decline of 17.65%. The company's return on capital employed (ROCE) is low at 8.56%, indicating poor management efficiency, and it has reported negative results for the last three consecutive quarters, with profits falling by 39.9%. Additionally, the stock's high debt-to-EBITDA ratio of 2.82 times raises concerns about its ability to service debt, further contributing to investor apprehension.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a year-to-date decline of 17.65% compared to the Sensex's gain of 3.07%. This stark contrast highlights the company's struggles, particularly as it has underperformed the market significantly over the past year, where it recorded a return of -28.94% against the benchmark's -0.64%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further exacerbating the stock's downward trajectory. Overall, the combination of poor financial performance, high debt levels, and negative investor sentiment has contributed to the stock's decline.