Why is Haz.Multi Proj. falling/rising?

As of 07-Jul, Hazoor Multi Projects Ltd is experiencing a significant rise in its stock price, currently at 45.78, reflecting an increase of 6.11 or 15.4%. The stock has outperformed its sector by 15.5% today and has been on a consecutive gain streak for the last two days, accumulating a total return of 16.88% during this period. It opened with a notable gain of 19.99% and reached an intraday high of Rs 47.6. The stock's performance over the past week shows a remarkable increase of 17.26%, while it has generated a return of 36.05% over the past year, despite a decline in profits of -37%. The company benefits from a low Debt to EBITDA ratio of 0.63 and a high institutional holding of 20.98%, which suggests strong investor confidence, although it has faced challenges with negative results over the last six quarters.
In the broader market context, Hazoor Multi Projects Ltd's recent performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.20% over the past week. While the stock has shown impressive short-term gains, its year-to-date performance remains negative at -11.59%, compared to the Sensex's positive return of 6.79%. This divergence highlights the stock's volatility and potential for recovery, driven by rising investor participation and attractive valuations relative to peers. However, the company’s long-term growth prospects are hindered by a declining operating profit trend and negative sales growth, which could impact future performance despite the current upward momentum.