Why is HFCL falling/rising?

As of 01-Sep, HFCL Ltd's stock price is currently at Rs 71.36, reflecting an increase of Rs 1.09 or 1.55%. The stock has shown a positive performance today, having outperformed its sector by 1.05% and gaining 2.23% over the last two days. However, it remains 3.9% away from its 52-week low and is trading below all its moving averages. Despite the recent gains, the stock has experienced a significant decline of 52.25% over the past year, with profits plummeting by 90.9%. The company has also reported negative results for the last three consecutive quarters, which, combined with a high percentage of pledged promoter shares, adds downward pressure on the stock.
In the broader market context, HFCL's short-term performance has been relatively better than the benchmark, with a 1-week return of -3.84% compared to the Sensex's -1.56%. However, the stock has underperformed the benchmark over longer periods, including a 36.82% decline year-to-date versus a 2.85% increase in the Sensex. The company's poor long-term growth prospects, indicated by a -10.80% annual decline in operating profit over the last five years and a significant drop in net sales, further contribute to the negative sentiment surrounding the stock. Despite some recent positive movements, the overall outlook remains concerning due to the company's financial struggles and market performance.