Why is Hathway Bhawani falling/rising?

As of 30-Sep, Hathway Bhawani Cabletel & Datacom Ltd's stock price is currently at Rs 16.84, reflecting an increase of Rs 1.42 or 9.21%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline. It outperformed its sector by 9.79% and reached an intraday high of Rs 18.4, showcasing significant volatility with an intraday fluctuation of 8.81%. However, the stock has a concerning long-term outlook, with a -139.65% CAGR growth in operating profits over the last five years and a weak EBIT to interest ratio of 0.40, indicating challenges in servicing its debt. Despite a recent uptick, the stock has consistently underperformed against benchmarks, generating a -14.43% return over the past year.
Broader market context shows that while Hathway's stock has gained 2.18% over the past week, the Sensex has declined by 2.23%, highlighting its relative strength in a weak market. However, the stock's year-to-date performance remains negative at -3.83%, contrasting with the Sensex's positive return of 2.72%. This suggests that despite today's rise, the stock's overall trajectory has been downward, compounded by weak long-term fundamentals and a history of underperformance against broader market indices.