Why is The Hi-Tech Gear falling/rising?

As of 18-Aug, The Hi-Tech Gears Ltd is experiencing a price increase, currently at 631.15, reflecting a change of 3.1 (0.49%) upward. Despite this recent uptick, the stock has underperformed its sector by 2.81% today and has been trading lower than its moving averages across various time frames. Over the past week, the stock has seen a significant decline of 9.84%, and its year-to-date performance shows a drop of 21.01%. The company has faced challenges, including a 39.9% decline in profits over the past year and a concerning return on capital employed (ROCE) of 8.56%, indicating low profitability. Additionally, the stock's negative performance has been compounded by a high debt-to-EBITDA ratio of 2.82 times, suggesting difficulties in servicing debt.
Broader market context reveals that while the Sensex has gained 0.83% over the past week, The Hi-Tech Gears Ltd has struggled significantly, with a year-over-year return of -32.43% compared to the market's modest decline of 1.14%. This stark contrast highlights the company's ongoing challenges, including three consecutive quarters of negative results and a recent drop in net sales of 6.99%. The lack of domestic mutual fund investment, currently at 0%, further underscores a lack of confidence in the company's prospects, which may contribute to the stock's volatility and overall underperformance relative to the broader market.