Why is GTPL Hathway falling/rising?

As of 29-Aug, GTPL Hathway Ltd. is experiencing a price increase, currently at Rs 115.95, reflecting a rise of 3.25 or 2.88%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 4.25%. The stock has shown a significant increase in delivery volume, rising by 282.64% against the 5-day average, which suggests rising investor participation. However, despite this short-term gain, the stock has underperformed over the past year with a return of -30.15%, and the company has faced negative results for the last five consecutive quarters, indicating ongoing challenges. The stock's valuation appears attractive with a high dividend yield of 3.4%, but the company's profits have fallen significantly by 48.1%, raising concerns about its long-term growth potential.
In the broader market context, GTPL Hathway's recent performance contrasts with the benchmark, as it has outperformed the Sensex in the short term, which has declined by 1.84% over the past week. However, the stock's year-to-date performance shows a stark difference, with a decline of 15.33% compared to the Sensex's gain of 2.14%. This consistent underperformance against the benchmark over the last three years, coupled with a low domestic mutual fund stake, suggests that investor confidence remains cautious. Overall, while the stock has seen a short-term rise, the underlying financial struggles and historical performance indicate a complex situation for GTPL Hathway Ltd.