Why is Hemang Resources falling/rising?

As of 11-Aug, Hemang Resources Ltd's stock price is rising, currently at Rs 25.50, reflecting an increase of Rs 2.34 or 10.1%. Today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. It outperformed its sector by 8.75% and reached an intraday high of Rs 25.94, showcasing significant volatility with an intraday fluctuation of 5.66%. Despite a year-to-date decline of 17.18% and a substantial underperformance against the benchmark over the past three years, the stock has shown a positive short-term return of 6.25% over the past week and month. However, the company faces challenges, including a high Debt to EBITDA ratio and negative growth in net sales and profit after tax, which contribute to its classification as a strong sell.
In the broader market context, while Hemang Resources has shown a positive short-term return, the benchmark Sensex has declined by 0.51% over the past week and 2.30% over the past month. This indicates that the stock's recent rise is occurring in a generally weak market environment. The company's long-term fundamentals remain weak, with a negative EBITDA and a significant decline in operating profits over the last five years, which raises concerns about its ability to sustain this upward momentum. Despite the recent gains, the stock's overall performance remains risky, particularly given its consistent underperformance against the benchmark in recent years.