Why is Heranba Inds falling/rising?

As of 30-Jun, Heranba Industries Ltd's stock price is rising, currently at Rs 342.00, reflecting an increase of Rs 37.5 or 12.32%. The stock has outperformed its sector today by 11.03%, reaching an intraday high of Rs 351.75, which is a 15.52% increase. Over the past week, the stock has shown a significant return of +19.83%, while its one-month return stands at +15.46%. However, despite this recent positive movement, the stock has a year-to-date return of -16.79% and has underperformed over the last three years, with a decline of -37.84%. The company's financials indicate a weak long-term fundamental strength, with operating losses and a return on equity of only 2.25%, which may contribute to investor caution despite the attractive valuation compared to peers.
Broader market context shows that while Heranba Industries has experienced a strong short-term return, the benchmark Sensex has only increased by 2.09% over the past week and 2.65% over the past month. This indicates that the stock's recent performance is significantly better than the broader market. However, the company has consistently underperformed against the benchmark over the last three years, which may affect investor sentiment. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further complicating the stock's outlook despite its recent gains.