Why is GTPL Hathway falling/rising?

As of 16-Sep, GTPL Hathway Ltd. is experiencing a price increase, currently at 116.50, reflecting a change of 2.1 (1.84%) upward. The stock has shown a performance today that outperformed its sector by 1.42%, with a narrow trading range of Rs 0.85. Notably, the stock is trading higher than its 5-day, 20-day, and 100-day moving averages, although it remains lower than the 50-day and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 772.56% against the 5-day average. Despite a year-to-date decline of 14.93% and a one-year return of -33.58%, the company maintains a high dividend yield of 3.48%, which may attract investors looking for income.
In the broader market context, GTPL Hathway's short-term return of +1.48% over the past week is slightly below the Sensex's return of +1.58%. The stock has consistently underperformed against the benchmark over the last three years, with a significant decline in profits and negative results for the last five consecutive quarters. While the company's low debt-to-equity ratio and attractive valuation metrics may provide some support, the long-term growth outlook remains poor, as indicated by a -24.47% annual rate of operating profit growth over the last five years. The lack of domestic mutual fund investment further suggests a lack of confidence in the stock's future performance, contributing to its overall volatility.