Why is Hathway Cable falling/rising?

As of 30-Jun, Hathway Cable & Datacom Ltd is experiencing a decline in its stock price, currently at 16.01, which reflects a decrease of 0.06 or 0.37%. The stock has underperformed its sector by 0.72% today, despite being higher than its 5-day, 20-day, 50-day, and 100-day moving averages, but lower than its 200-day moving average. Over the past week, the stock has shown a return of 7.88%, while its performance over the last month is nearly flat at 0.06%. However, the company has faced significant challenges, including a weak long-term fundamental strength with a -40.53% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of -7.96, indicating difficulties in servicing its debt. Additionally, institutional investor participation has decreased, with a -1.37% reduction in their stake, reflecting a lack of confidence in the company's fundamentals.
Broader market context indicates that while the BSE 500 has generated a return of 3.95% over the last year, Hathway Cable has significantly underperformed with a return of -26.39%. This stark contrast highlights the stock's struggles in attracting investor interest, particularly from institutional investors who typically have more resources to assess company fundamentals. The overall market has seen positive movements, but Hathway's flat results and reliance on non-operating income, which constitutes 81.21% of its profit before tax, further exacerbate its valuation concerns and contribute to its declining stock price.