Why is The Hi-Tech Gear falling/rising?

As of 14-Aug, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at Rs 628.05, which reflects a decrease of Rs 29.95 or 4.55%. The stock has underperformed its sector by 4.89% today and has been on a downward trend for the last three days, accumulating a total loss of 10.28% during this period. Additionally, the stock opened with a loss of 2.74% and reached an intraday low of Rs 628. The stock's performance over various time frames shows a significant decline, with a year-to-date drop of 21.40% and a one-year return of -33.17%. The company's financial health is concerning, as it has reported negative results for the last three consecutive quarters, with profits falling by 39.9% and a high Debt to EBITDA ratio of 2.82 times, indicating low profitability and poor management efficiency.
In the broader market context, The Hi-Tech Gears Ltd's recent performance contrasts sharply with the benchmark index, the Sensex, which has shown a slight decline of only 0.03% over the past week. While the Sensex has gained 3.15% year-to-date, The Hi-Tech Gears has significantly lagged behind, reflecting a broader trend of underperformance. The stock's lack of appeal is further underscored by the absence of domestic mutual fund investment, suggesting a lack of confidence in its future prospects. Overall, the combination of poor financial results, declining profitability, and a high debt burden has contributed to the stock's downward trajectory in the market.