Why is Heranba Inds falling/rising?

As of 04-Jul, Heranba Industries Ltd is experiencing a decline in its stock price, currently at Rs 372.25, which reflects a decrease of Rs 4.15 or 1.1%. The stock has underperformed its sector by 1.42% today and has fallen after four consecutive days of gains, touching an intraday low of Rs 364.05. The stock's performance over the past week shows a significant increase of 22.25%, but it has underperformed the benchmark Sensex, which has decreased by 0.74%. Over the past month, Heranba Industries has gained 24.90%, while the Sensex has risen by 3.01%. However, the stock's year-to-date performance is negative at -9.43%, and it has consistently underperformed against the benchmark over the last three years. The company's weak long-term fundamentals, highlighted by operating losses and a significant decline in profitability, have contributed to the stock's recent movement.
In the broader market context, while Heranba Industries has shown strong short-term returns, its overall performance remains concerning when compared to the Sensex. The stock's recent decline can be attributed to falling investor participation, with delivery volume dropping by 50.65% against the five-day average, indicating reduced interest from investors. Additionally, the company's negative financial results, including a 361.75% fall in profit before tax and a return on equity of only 2.25%, suggest a lack of confidence among investors. The absence of domestic mutual fund holdings further underscores the market's apprehension regarding the company's future prospects, as these funds typically conduct thorough research before investing.