Why is Heranba Inds falling/rising?

As of 03-Jul, Heranba Industries Ltd's stock price is currently at 376.40, reflecting an increase of 2.8 (0.75%). The stock has been on a positive trajectory, gaining for the last four days and achieving a remarkable 23.61% return during this period. Despite this recent uptick, the stock underperformed its sector by 0.52% today. Over the past week, Heranba has outperformed the benchmark, with a return of +21.42% compared to the Sensex's -0.62%. However, the company has faced significant challenges, including a decline in profits by 18.6% over the past year and a return on equity of only 2.25%, indicating low profitability. The stock is trading at a discount relative to its peers, but the operating losses and negative results over the last two quarters raise concerns about its long-term fundamental strength.
In the broader market context, while Heranba Industries has shown strong short-term performance, it has consistently underperformed against the benchmark over the last three years, with a one-year return of -2.03% compared to the Sensex's +4.07%. This underperformance may contribute to the cautious sentiment among investors, as evidenced by the lack of domestic mutual fund investment in the company. The recent gains in stock price may not fully reflect the underlying financial difficulties, including a staggering -361.75% fall in profit before tax and a negative profit after tax in the latest quarter. Thus, while the stock is currently rising, the broader context suggests that investors remain wary due to the company's ongoing financial struggles.