Why is Heranba Inds falling/rising?

As of 15-Jul, Heranba Industries Ltd's stock price is rising, currently at Rs 396.50, reflecting an increase of Rs 20.5 or 5.45%. The stock has shown strong performance today, outperforming its sector by 3.09%, and has been on a consecutive gain for the last two days, accumulating a total return of 7.58% during this period. It opened with a gain of 2.79% and reached an intraday high of Rs 400.3. Over the past week, the stock has risen by 8.67%, while its one-month return stands at an impressive 44.52%. However, despite these positive movements, the company has faced challenges, including a significant decline in profits and operating losses, which have contributed to a weak long-term fundamental strength. The stock is trading at a discount compared to its peers, which may attract investors despite the negative financial indicators.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has declined by 1.36% over the past week. While Heranba Industries has shown resilience in the short term, its year-to-date performance remains negative at -3.53%, contrasting with the Sensex's gain of 5.67%. The rising investor participation, indicated by a substantial increase in delivery volume, suggests growing interest in the stock despite its underlying financial issues. This divergence between the stock's recent performance and the broader market trends highlights a potential speculative interest among investors, possibly driven by its attractive valuation relative to peers.