Why is Hathway Cable falling/rising?

As of 21-Jul, Hathway Cable & Datacom Ltd is experiencing a decline in its stock price, currently at 15.92, reflecting a decrease of -0.34 or -2.09%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decline of -5.01%. Despite outperforming its sector by 0.28% today, the stock's delivery volume has decreased significantly, down by -44.84% compared to the 5-day average, indicating falling investor participation. Over the past year, the stock has generated a return of -30.75%, contrasting sharply with the market's positive return of 1.98% during the same period. While there were positive results reported for the quarter ending June 25, including a 50.92% growth in profit before tax and a 63.8% increase in profit after tax, the long-term fundamentals remain weak, with a -36.85% CAGR growth in operating profits over the last five years.
In the broader market context, Hathway's short-term performance has been relatively better than the benchmark, as it has gained 2.05% over the past week compared to a slight decline of -0.06% for the Sensex. However, the stock's long-term performance has been disappointing, with a significant underperformance against the market, which has seen a 1.63% return over the last year. The increasing participation of institutional investors, who have raised their stake by 0.55%, may provide some support, but the company's weak fundamentals, including a poor EBIT to Interest ratio and low return on equity, contribute to a challenging outlook for the stock.