Why is Heranba Inds falling/rising?

As of 12-Aug, Heranba Industries Ltd is experiencing a price increase, currently at Rs 364.90, reflecting a rise of Rs 32.9 or 9.91%. Today's performance indicates a trend reversal as the stock has gained after five consecutive days of decline, outperforming its sector by 9.8%. The stock reached an intraday high of Rs 370, showcasing a significant upward movement. However, despite this short-term gain, the stock has underperformed over the past year with a return of -24.06%, and its profits have decreased by -18.6%. The company has a low Return on Capital Employed (ROCE) of 3.6 and has been trading at a discount compared to its peers, which may attract some investors looking for value, although its operating losses and negative results in recent quarters raise concerns about its long-term fundamental strength.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has declined by -1.20% over the past week while the Sensex has only fallen by -0.59%. This indicates that Heranba Industries has been underperforming relative to the market, particularly over longer periods, with a notable -38.86% decline over the last three years compared to a +34.93% gain in the benchmark. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the company's prospects, further highlighting the challenges it faces despite today's positive price movement.