Why is Himatsing. Seide falling/rising?

As of 17-Jul, Himatsingka Seide Ltd's stock price is rising, currently at Rs 152.35, reflecting an increase of 1.6 (1.06%). The stock has shown a positive performance today, outperforming its sector by 0.72% and has gained consecutively over the last three days, with a total return of 2.59% during this period. Despite a recent decline of 2.31% over the past week, the stock has performed well over the last month with a return of 6.99%. The company recently declared positive results after three consecutive negative quarters, showcasing a significant increase in profit after tax to Rs 106.55 crore and a low debt-equity ratio of 1.26 times, which has contributed to its attractive valuation. However, there are concerns regarding long-term fundamental strength, as indicated by a lower average return on capital employed and a high debt to EBITDA ratio.
Broader Market Context: In comparison to the benchmark, Himatsingka Seide's stock has outperformed the BSE500 index over the past year, generating a return of 10.28% against the market's 0.26%. While the stock has shown some positive momentum recently, the overall market context remains mixed, with the Sensex declining by 1.12% over the past week. Additionally, there has been a notable decrease in institutional investor participation, which may affect the stock's stability and future growth prospects. Despite these challenges, the stock's recent gains and positive quarterly results have contributed to its upward movement in price.