Why is Hathway Cable falling/rising?

As of 16-Jul, Hathway Cable & Datacom Ltd's stock price is currently at 16.76, reflecting an increase of 0.93 or 5.87%. The stock has shown strong performance recently, gaining 9.11% over the last three days and outperforming its sector by 1.71% today. Additionally, the stock has outperformed the benchmark Sensex over the past week and month, with returns of +5.61% and +10.19%, respectively. Positive financial results reported on June 25, including a 50.92% growth in profit before tax and a 63.8% increase in profit after tax, have likely contributed to the stock's upward movement. Furthermore, an increase in institutional investor participation, with a 0.55% rise in their stake, suggests growing confidence in the company's fundamentals.
In the broader market context, while Hathway Cable has shown positive short-term returns, it has significantly underperformed over the past year, with a decline of 32.69% compared to a 2.38% increase in the Sensex. Despite the recent gains, the stock's long-term fundamentals remain weak, as indicated by a -40.53% CAGR growth in operating profits over the last five years and a low return on equity of 2.1%. This suggests that while the stock is experiencing a temporary rise, underlying issues may limit its long-term performance compared to the broader market.