Why is Hathway Cable falling/rising?

As of 15-Jul, Hathway Cable & Datacom Ltd is experiencing a price increase, currently at 15.83, reflecting a rise of 0.23 or 1.47%. The stock has shown a positive performance today, outperforming its sector by 0.88% and achieving consecutive gains over the last two days, with a total return of 3.06% during this period. Despite a recent decline of 0.81% over the past week, the stock has gained 2.06% over the last month. Positive results reported for March 25, including a 45.22% growth in profit before tax and record net sales, have likely contributed to the recent upward movement. Additionally, increasing participation from institutional investors, who have raised their stake by 0.55%, suggests growing confidence in the company's potential, despite its long-term fundamental weaknesses.
Broader market context indicates that while Hathway Cable has outperformed its sector recently, it has underperformed the broader market over the past year, with a significant decline of 37.23% compared to a 2.36% increase in the Sensex. The stock's performance over the last month, however, is more favorable than the benchmark, which has risen by 1.79%. This contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence, especially given its weak long-term fundamentals and poor return on equity.