Why is Heranba Inds falling/rising?

As of 02-Jul, Heranba Industries Ltd is experiencing a price increase, currently at Rs 373.60, which reflects a rise of Rs 23.4 or 6.68%. The stock has shown strong performance recently, gaining 22.69% over the last three days and outperforming its sector by 6.27% today. It has also touched an intraday high of Rs 387, indicating positive momentum. However, despite these short-term gains, the stock has underperformed over the longer term, with a year-to-date return of -9.10% and a three-year return of -32.77%. The company has faced challenges, including a significant decline in profits and operating losses, which have contributed to its weak long-term fundamental strength.
In the broader market context, Heranba Industries Ltd has outperformed the Sensex in the short term, with a weekly return of +24.49% compared to the Sensex's +0.79%. This indicates that while the stock is currently gaining traction, it has struggled to maintain consistent performance against the benchmark over the past three years. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's long-term prospects, further complicating its market position. Overall, while the recent price movement is positive, underlying financial challenges and historical underperformance remain significant concerns.