Why is Heranba Inds falling/rising?

As of 30-Jul, Heranba Industries Ltd's stock price is currently at Rs 386.60, reflecting an increase of Rs 6.35 or 1.67%. The stock has shown positive momentum recently, gaining 5.05% over the last two days and outperforming its sector by 1.2% today. Additionally, it has performed well over the past week and month, with returns of +4.77% and +13.04%, respectively. However, despite these short-term gains, the stock has faced challenges, including a significant decline in profits over the past year and negative results in the last two quarters, which have contributed to a -5.60% return over the past year. The company's low return on equity and operating losses indicate weak long-term fundamental strength, which may affect investor confidence.
In the broader market context, Heranba Industries has outperformed the Sensex in the short term, contrasting with the benchmark's decline of -1.50% over the past week and -2.54% over the past month. This relative strength is notable given the company's consistent underperformance against the benchmark over the last three years, where it has generated negative returns. The lack of domestic mutual fund investment, which stands at 0%, may suggest that institutional investors are cautious about the stock's valuation and business prospects. Overall, while the stock is experiencing a short-term rise, the underlying fundamentals and broader market sentiment present a mixed picture.