Why is H P Cotton Tex falling/rising?

As of 29-Aug, H P Cotton Textile Mills Ltd is experiencing a slight increase in its stock price, currently at 102.29, with a change of 0.51, representing a 0.5% rise. Despite this uptick, the stock has underperformed significantly over the past year, with a return of -34.13%. Today's performance indicates a trend reversal, as the stock has gained after three consecutive days of decline, although it is still trading below its moving averages across various time frames. Furthermore, the stock has shown a decrease in investor participation, with delivery volume falling by 68.21% against the five-day average. On a positive note, the company has reported strong operating profit growth of 17.63% and positive results for the last two consecutive quarters, which may contribute to the recent price movement.
In the broader market context, H P Cotton Textile Mills Ltd's short-term performance has outpaced the Sensex, which has declined by 1.84% over the past week, while the stock itself has dropped by 8.26%. This indicates that the stock's recent rise may be a reaction to its positive financial results, despite its long-term challenges, including high debt levels and weak fundamental strength. The stock's valuation appears attractive compared to its peers, with a PEG ratio of 0.5, suggesting potential for recovery. However, the overall negative sentiment surrounding its long-term performance and high debt levels continues to weigh on investor confidence.