Why is Heranba Inds falling/rising?

As of 29-Jul, Heranba Industries Ltd's stock price is rising, currently at 380.25, reflecting an increase of 12.25 or 3.33%. The stock has outperformed its sector by 1.3% today, reaching an intraday high of Rs 383.45, which is a 4.2% increase. Over the past week, the stock has gained 1.67%, and in the last month, it has surged by 24.88%, contrasting with a decline of 3.24% in the benchmark Sensex. Despite the stock's recent positive movement, it has generated a return of -5.17% over the past year, with profits falling by 18.6%. The company is trading at a discount compared to its peers, and its attractive valuation is supported by a return on capital employed (ROCE) of 3.6. However, the company has reported operating losses and negative results for the last two consecutive quarters, which raises concerns about its long-term fundamental strength.
In the broader market context, Heranba Industries Ltd's short-term performance has been notably better than the benchmark, as it has gained 1.67% over the past week while the Sensex has declined by 1.03%. This outperformance highlights a potential shift in investor sentiment, particularly given the rising investor participation, with delivery volume increasing significantly. However, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to cautious sentiment among domestic mutual funds, as evidenced by their negligible stake in the company. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains clouded by operational challenges and historical underperformance.