Why is Heranba Inds falling/rising?

As of 31-Jul, Heranba Industries Ltd is currently priced at 387.65, reflecting an increase of 1.05 or 0.27%. The stock has shown a positive trend recently, gaining 5.34% over the last three days and outperforming its sector by 1.3% today. It reached an intraday high of Rs 403.4, although it also experienced a low of Rs 372 during the day. The stock is trading above its moving averages across multiple time frames, indicating a bullish sentiment. However, despite a recent uptick, the stock has a negative return of -2.84% over the past year, with profits declining by -18.6%. The company's low return on equity and operating losses suggest underlying weaknesses that may temper investor enthusiasm.
In the broader market context, Heranba Industries has outperformed the Sensex in the short term, with a 1-week return of +8.22% compared to the benchmark's -1.22%. This indicates that while the stock is experiencing a rise, it is doing so against a backdrop of broader market challenges. The lack of domestic mutual fund investment may reflect concerns about the company's long-term fundamentals, especially given its recent negative financial results. Overall, while the stock is currently rising, the mixed signals from its financial performance and market sentiment suggest caution among investors.