Why is Hilton Met.Forg. falling/rising?

As of 03-Jul, Hilton Metal Forging Ltd's stock price is currently at Rs 64.70, reflecting an increase of Rs 2.1 or 3.35%. The stock has shown a trend reversal, gaining after seven consecutive days of decline. Today, it outperformed its sector by 3.52%, reaching an intraday high of Rs 64.8, although it also touched a low of Rs 59.75. Despite this positive movement, the stock has underperformed over the past week with a decline of 4.36% compared to the benchmark Sensex, which fell only 0.62%. The company recently reported its highest quarterly net sales and profit after four negative quarters, which may have contributed to the recent uptick in price. However, the stock continues to trade below its moving averages and has a weak long-term fundamental strength, with a low return on capital employed and a high debt to EBITDA ratio.
Broader market context indicates that while Hilton Metal Forging Ltd has experienced a short-term rise, its long-term performance remains concerning. Over the past year, the stock has generated a return of -19.26%, significantly underperforming the broader market, which has seen a return of 2.20%. This underperformance is compounded by a reduction in promoter confidence, as they have decreased their stake in the company, signaling potential concerns about future growth. Overall, while the stock is experiencing a temporary rise, the broader context suggests ongoing challenges that could impact its future performance.