Why is HB Portfolio falling/rising?

As of 09-Jun, HB Portfolio Ltd's stock price is currently at 96.00, reflecting an increase of 11.0, or 12.94%. The stock has shown strong performance today, outperforming its sector by 10.99% and opening with a gain of 2.04%. It reached an intraday high of Rs 98, indicating significant volatility with a wide trading range of Rs 12.97. Over the past week, the stock has risen by 9.15%, and over the past month, it has increased by 9.71%. However, despite these short-term gains, the company has reported operating losses and negative results in the last two quarters, with a substantial decline in net sales and profit after tax. This has contributed to a mildly bearish technical outlook for the stock, despite its historical returns of 41.41% over the past year.
In the broader market context, while HB Portfolio Ltd has outperformed the Sensex over the past week and month, it has underperformed year-to-date, with a decline of 8.88% compared to the Sensex's gain of 5.51%. The stock's strong historical performance over three years, with a return of 217.36%, contrasts sharply with its current financial struggles, leading to a complex situation where short-term gains may not reflect long-term viability. The falling investor participation and high volatility further complicate the stock's outlook, suggesting that while there may be short-term upward movements, the underlying fundamentals present significant risks.