Why is The Hi-Tech Gear falling/rising?

As of 03-Nov, The Hi-Tech Gears Ltd is experiencing a decline in its stock price, currently at Rs 774.05, reflecting a decrease of Rs 24.0 or 3.01%. The stock has underperformed its sector by 3.62% today and has been on a downward trend for the last three days, accumulating a total loss of 4.46% during this period. Additionally, the stock's performance over the past week shows a decline of 3.01%, while it has seen a modest gain of 2.14% over the past month. However, the company has faced significant challenges, including a 39.9% drop in profits over the past year and negative results for the last three consecutive quarters, which have contributed to its recent price movement. The high Debt to EBITDA ratio of 2.82 times further indicates a low ability to service debt, adding to investor concerns.
In the broader market context, the Sensex has shown a slight decline of 0.78% over the past week, indicating that the overall market sentiment is somewhat negative but not as severe as the decline experienced by The Hi-Tech Gears Ltd. The company's year-to-date return of -3.39% starkly contrasts with the Sensex's gain of 8.96%, highlighting the stock's underperformance relative to the market. This disparity, combined with falling investor participation and liquidity issues, suggests that investors are increasingly wary of the company's financial health and growth prospects, leading to the current downward pressure on its stock price.