Why is Hilton Met.Forg. falling/rising?

As of 10-Jul, Hilton Metal Forging Ltd's stock price is currently at Rs 64.64, reflecting an increase of Rs 3.07 or 4.99%. The stock has shown a positive performance today, outperforming its sector by 6.03% and has experienced consecutive gains over the last two days, rising by 5.97% in that period. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 34.26% and a one-year return of -21.73%. The company recently declared positive quarterly results after four consecutive negative quarters, reporting the highest net sales and profit after tax, which may have contributed to the recent price rise. However, concerns remain regarding weak long-term fundamental strength, as indicated by a low return on capital employed and a high debt-to-EBITDA ratio.
In the broader market context, Hilton Metal Forging Ltd's short-term performance has been slightly better than the benchmark, with a 1-month return of +2.42% compared to the Sensex's +0.97%. However, the stock's long-term performance remains concerning, as it has significantly underperformed the market over the past year. The reduction in promoter confidence, with a decrease in their stake, may also weigh on investor sentiment despite the recent positive results. Overall, while the stock has shown some short-term gains, the underlying issues regarding its long-term growth prospects and financial health continue to pose challenges.