Why is Hind Aluminium falling/rising?

As of 10-Sep, Hind Aluminium Industries Ltd is experiencing a price increase, currently at 67.01, reflecting a rise of 2.46 or 3.81%. The stock has shown a positive trend today, having gained after two consecutive days of decline, and opened with a notable gain of 3.78%. It outperformed its sector by 3.57% today and reached an intraday high of Rs 67.2. However, despite this short-term gain, the company faces significant challenges, including operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -8.23. Additionally, the stock has reported negative ROCE and a decline in profits by 29.5% over the past year, which raises concerns about its long-term fundamental strength.
In the broader market context, Hind Aluminium's short-term performance has been strong, with a 4.38% increase over the past week, significantly outperforming the Sensex, which only rose by 1.06% in the same period. However, the stock's year-to-date performance remains negative at -9.08%, contrasting with the Sensex's positive return of 4.21%. This divergence highlights the stock's volatility and the potential risks associated with its current valuation, especially given the falling investor participation and liquidity concerns. Overall, while the stock is rising in the short term, its underlying fundamentals suggest caution for investors.