Why is Hathway Cable falling/rising?

As of 17-Jul, Hathway Cable & Datacom Ltd's stock price is currently at 16.55, reflecting a decrease of 0.21, or 1.25%. The stock has recently underperformed its sector by 0.48% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock has shown positive performance over the past week and month, with returns of 6.09% and 10.33%, respectively. The company reported strong quarterly results, with a significant increase in profit before tax and net sales, which may have contributed to rising investor participation, particularly from institutional investors who have increased their stake by 0.55%. However, the stock's long-term fundamentals remain weak, evidenced by a negative CAGR growth in operating profits and a low return on equity, which could be influencing the current price decline.
In the broader market context, Hathway Cable's performance contrasts with the benchmark, as it has underperformed significantly over the past year, generating a return of -33.53% compared to the Sensex's 1.91%. Although the stock has shown some positive short-term returns, the overall negative sentiment and weak long-term fundamentals may be overshadowing these gains. The stock's premium valuation relative to peers and its poor ability to service debt further complicate its outlook, suggesting that while there may be short-term interest, the long-term prospects are concerning, contributing to the current price drop.