Why is Hathway Cable falling/rising?

As of 01-Jul, Hathway Cable & Datacom Ltd's stock price is currently at 16.03, reflecting a slight increase of 0.02 (0.12%). Despite this minor uptick, the stock has underperformed its sector by 0.27% today. Over the past week, the stock has shown a positive return of 5.60%, although it has lagged behind the benchmark Sensex, which increased by 2.00%. The stock's performance over the last year has been significantly negative, with a decline of 27.10%, indicating weak long-term fundamental strength, as evidenced by a -40.53% CAGR growth in operating profits over the last five years. Additionally, the company's ability to service its debt is concerning, with a poor EBIT to Interest ratio of -7.96 and a low return on equity of 3.22%. Institutional investors have also reduced their stake in the company, which may further impact investor confidence.
In the broader market context, while the BSE500 has generated a return of 3.20% over the past year, Hathway's substantial decline of 27.10% highlights its underperformance relative to the market. The stock's liquidity remains adequate for trading, but the falling delivery volume suggests decreasing investor participation, which could be a negative signal for future price movements. The stock is trading at a fair value compared to its peers, yet the weak fundamentals and declining institutional interest contribute to a bearish outlook, overshadowing the recent minor price increase.