Why is Hexa Tradex falling/rising?

As of 11-Aug, Hexa Tradex Ltd is experiencing a price increase, currently at Rs 189.95, reflecting a rise of 8.55 (4.71%). The stock has shown a positive performance today, outperforming its sector by 3.36% and has gained consecutively over the last two days, accumulating a total return of 5.53%. However, it opened with a loss of 2.01% today and touched an intraday low of Rs 177.7 before reaching its current high. Over the past week, the stock has increased by 5.91%, while its performance over the past month shows a rise of 5.00%. Despite these short-term gains, the stock has faced significant challenges, including a negative EBITDA and a substantial decline in profits by 127% over the past year, contributing to a year-to-date return of -30.68%.
In the broader market context, Hexa Tradex has underperformed compared to the benchmark, with a one-year return of -22.17% against the Sensex's gain of 1.13%. This stark contrast indicates that while the stock has seen some recent upward movement, it remains significantly behind the market average over a longer period. Additionally, the low participation from domestic mutual funds, holding only 0.1% of the company, suggests a lack of confidence in the stock's valuation, which may further impact investor sentiment. Overall, while there are short-term gains, the long-term outlook remains concerning due to the company's financial struggles and market performance.