Why is Hathway Cable falling/rising?

As of 14-Jul, Hathway Cable & Datacom Ltd's stock price is currently at 15.60, reflecting an increase of 0.24 or 1.56%. Today's price summary indicates that the stock has gained after four consecutive days of decline, although it underperformed its sector by 0.61%. The stock's performance over the past week shows a decline of 2.44%, while it has seen a slight increase of 0.58% over the past month. Despite these short-term gains, the stock has significantly underperformed over the longer term, with a year-to-date decline of 0.83% and a staggering drop of 32.26% over the past year. Positive factors include a notable growth in profit before tax and net sales in the latest quarter, but these are overshadowed by weak long-term fundamentals, including a negative compound annual growth rate in operating profits and a low return on equity.
Broader market context reveals that while the stock has seen a slight uptick recently, it has still lagged behind the benchmark, with the Sensex showing a 1.42% decline over the past week and a 5.27% increase year-to-date. The stock's performance is further complicated by falling participation from institutional investors, who have reduced their stake, indicating a lack of confidence in the company's long-term prospects. This combination of short-term recovery amid long-term struggles, coupled with weak institutional interest, suggests that while there may be temporary upward movements, the overall outlook for Hathway Cable remains challenging.