Why is Heranba Inds falling/rising?

As of 25-Jul, Heranba Industries Ltd's stock price is rising, currently at 375.10, reflecting an increase of 16.9 or 4.72%. The stock has shown a trend reversal today, gaining after four consecutive days of decline, and opened with a gain of 2.46%. It reached an intraday high of Rs 378.15, indicating positive momentum. Despite a one-week decline of 4.72% and a year-to-date drop of 8.73%, the stock has performed well over the past month with a return of 24.99%. However, the company has faced challenges, including a significant fall in profits and operating losses, which have contributed to its weak long-term fundamental strength. The stock is trading at a discount compared to its peers, but the lack of domestic mutual fund investment suggests caution among institutional investors.
In the broader market context, while Heranba Industries has outperformed its sector by 4.77% today, it has consistently underperformed the benchmark Sensex over the last three years, with a one-year return of -2.57% compared to the Sensex's 1.78%. This underperformance highlights the stock's struggles despite today's positive movement. The overall market sentiment appears to be cautious, as reflected in the stock's historical performance and the low participation from domestic mutual funds, which may indicate a lack of confidence in the company's future prospects.