Why is Heranba Inds falling/rising?

As of 11-Jul, Heranba Industries Ltd is experiencing a decline in its stock price, currently at Rs 368.55, reflecting a decrease of Rs 6.45 or 1.72%. Despite opening with a gain of 3.71% and reaching an intraday high of Rs 388.9, the stock has underperformed its sector by 1.14% today. Over the past week, the stock has seen a slight decline of 0.99%, while it has shown a significant increase of 34.63% over the past month. However, the stock's performance has been disappointing over the longer term, with a year-to-date decline of 10.33% and a three-year drop of 35.71%. The company's financial health is concerning, as it has reported operating losses and a return on equity of only 2.25%, indicating low profitability. Additionally, the stock has generated a negative return of 2.31% over the past year, with profits falling by 18.6%, which contributes to the overall negative sentiment surrounding the stock.
In the broader market context, the stock's recent performance has been slightly better than the benchmark Sensex over the past week, which has declined by 1.12%. However, the stock's long-term underperformance is notable, as it has consistently lagged behind the BSE500 over the last three years. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further impacting its market perception. Overall, the combination of weak financial results, declining investor participation, and consistent underperformance against benchmarks contributes to the downward pressure on Heranba Industries Ltd's stock price.