Why is Hind.Construct. falling/rising?

As of 25-Jun, Hindustan Construction Company Ltd is experiencing a price increase, currently at 31.32, with a change of 0.87, representing a rise of 2.86%. The stock has outperformed its sector by 2.42% today and has shown a consecutive gain over the last two days, accumulating a total return of 4.12%. Despite this positive short-term performance, the stock has a concerning long-term outlook, having generated a return of -38.50% over the past year, while its profits have significantly declined by -1375.1%. The company has reported strong operating profit metrics, with the highest operating profit to interest ratio at 3.86 times and a robust return on capital employed (ROCE) of 34.4, indicating attractive valuation despite its current trading discount compared to peers. However, the high debt to EBITDA ratio of 4.18 times and the fact that 78.89% of promoter shares are pledged raise concerns about its long-term fundamental strength.
In the broader market context, the stock's short-term performance of +0.93% over the past week and +6.57% over the past month is notably lower than the benchmark Sensex, which has returned +1.61% and +1.27% respectively in the same periods. This underperformance is compounded by the stock's significant decline of -17.25% year-to-date compared to the Sensex's +5.91%. The overall market has generated positive returns, while Hindustan Construction Company Ltd has struggled, indicating a disconnect between the stock's recent gains and its longer-term challenges, including weak growth in operating profits and high levels of pledged shares, which could exert downward pressure in a falling market.