Why is Heranba Inds falling/rising?

As of 22-Aug, Heranba Industries Ltd is experiencing a price increase, currently at Rs 368.80, which reflects a rise of Rs 22.1 or 6.37%. The stock has shown strong performance today, outperforming its sector by 6.19% and achieving a consecutive gain over the last two days with a total return of 13.44%. It reached an intraday high of Rs 377.2, indicating significant trading activity, although it has a wide trading range of Rs 35.15. Despite this positive short-term movement, the stock has underperformed over longer periods, with a year-to-date decline of 10.27% and a one-year drop of 23.29%. The company has faced challenges, including weak long-term fundamental strength, negative results for the last three consecutive quarters, and low profitability metrics, which may contribute to investor caution. In the broader market context, Heranba Industries has significantly outperformed the benchmark Sensex in the short term, with a weekly return of 10.47% compared to the Sensex's 0.88%. However, the stock's long-term performance remains concerning, as it has underperformed the market over the past year, with a return of -23.29% against the Sensex's slight gain of 0.31%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and future prospects, further complicating its market position despite recent gains.