Why is Hemo Organic falling/rising?

As of 15-Jul, Hemo Organic Ltd's stock price is currently at 10.03, reflecting an increase of 0.04 or 0.4%. The stock has been gaining momentum recently, with a consecutive gain over the last two days, resulting in a total return of 5.14% during this period. Despite this short-term positive movement, the stock has shown a significant decline of 19.50% year-to-date and a staggering 72.33% drop over the past three years. The company reported positive quarterly results, achieving its highest PBDIT, PBT, and PAT figures, which may have contributed to the recent uptick in price. However, the company also faces challenges such as a negative book value, high debt levels, and consistent underperformance against benchmarks, indicating weak long-term fundamentals.
In the broader market context, Hemo Organic's recent performance contrasts sharply with the benchmark, as it has outperformed the Sensex by 4.37% over the past week while the benchmark has declined by 1.36%. However, the stock's long-term performance remains concerning, with a year-over-year return of -9.15% compared to the Sensex's positive return of 2.36%. This underperformance over multiple periods suggests that while there may be short-term gains, the overall market sentiment towards Hemo Organic remains cautious due to its historical volatility and financial instability.