Why is H T Media falling/rising?

As of 31-Jul, H T Media Ltd's stock price is currently at 24.20, reflecting an increase of 0.24 or 1.0%. The stock has been gaining momentum, having risen consecutively for the last three days, resulting in a total return of 3.64% during this period. It is also outperforming its sector by 1.17%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, the company has reported strong operating profit growth of 55.95% and positive results for the last two consecutive quarters, which has contributed to the recent price increase. However, it is important to note that the company has a weak long-term fundamental strength, with a significant decline in operating profits over the past five years, which poses a risk to its valuation.
In the broader market context, H T Media's short-term performance shows a 1.02% decline over the past week, while the benchmark Sensex has declined by 1.22%, indicating that the stock is performing slightly better than the market in the short term. Despite this, the stock has underperformed against the benchmark over the last three years, with a return of -14.46% compared to the Sensex's -0.68%. The low participation from domestic mutual funds, holding only 0% of the company, suggests a lack of confidence in the stock's valuation, which could impact its future performance. Overall, while recent positive results and short-term gains are encouraging, the long-term outlook remains uncertain due to fundamental weaknesses.