Why is Hardcast.& Waud falling/rising?

As of 23-Sep, Hardcastle & Waud Mfg Co Ltd's stock price is currently at 809.80, reflecting an increase of 28.8 or 3.69%. The stock opened with a gain of 3.78% today and reached an intraday high of Rs 810.5. It has outperformed its sector by 4.82% today, although it is important to note that the stock has seen a decline of 24.60% over the past year, despite a positive return of 8.12% over the last month. The stock is trading above its moving averages across various time frames, indicating a short-term upward trend. However, there are concerns regarding falling investor participation, as the delivery volume has decreased significantly by 53.95% against the 5-day average. Additionally, the company's weak long-term fundamentals, including a low return on equity of 2.90% and poor growth metrics, suggest underlying issues that may affect future performance.
In the broader market context, the stock has outperformed the benchmark Sensex in the short term, with a 1-week return of +2.77% compared to the benchmark's -0.34%. However, despite this short-term outperformance, the stock has underperformed the market over the past year, with a significant decline compared to the Sensex's smaller drop of -3.33%. The company's financial health is concerning, with a weak ability to service its debt and a high valuation relative to its peers, which may contribute to investor caution. Overall, while the stock is experiencing a short-term rise, the long-term outlook remains challenging due to fundamental weaknesses and declining investor interest.