Why is Hiliks Technolog falling/rising?

As of 02-Jul, Hiliks Technologies Ltd is experiencing a price increase, currently at Rs 57.12, reflecting a rise of 1.12 or 2.0%. Today's price summary indicates that the stock has outperformed its sector by 3.23% and has shown a trend reversal after seven consecutive days of decline. It opened with a gain of 2% and reached an intraday high of Rs 57.12. However, despite this short-term gain, the stock has underperformed significantly over the past week and month, with returns of -5.60% and -5.59%, respectively. The company has a weak long-term fundamental strength, evidenced by a low return on equity (ROE) of 3.40% and a high price-to-book value ratio of 2.5, indicating that it is trading at a premium compared to its peers.
Broader market context shows that while the Sensex has gained 0.79% over the past week and 2.50% over the past month, Hiliks Technologies has faced substantial challenges, including a year-to-date decline of 50.57% against the benchmark's 6.75% increase. The stock's long-term performance is also concerning, with a one-year return of -18.84%, significantly lagging behind the broader market's positive returns. This underperformance, coupled with flat results and a low EPS, suggests that while there may be short-term gains, the overall outlook for Hiliks Technologies remains weak in comparison to the market.