Why is Hindustan Media falling/rising?

As of 25-Jun, Hindustan Media Ventures Ltd is currently priced at 88.81, reflecting an increase of 0.59 (0.67%). The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 6.3% during this period. Despite this recent positive movement, the stock has underperformed its sector by 1.29%. Over the past week, it has outperformed the Sensex with a return of 2.14% compared to the benchmark's 1.61%. The company has reported a significant growth in net profit of 152.36% and has declared positive results for the last three consecutive quarters, contributing to the stock's upward momentum. However, it also faces challenges such as operating losses and a weak ability to service its debt, which could hinder long-term performance.
Broader market context indicates that while Hindustan Media has shown some short-term gains, it has underperformed the market over the past year, with a return of -11.28% compared to the BSE 500's 3.43%. This disparity suggests that despite recent positive developments, investor sentiment may still be cautious due to the company's weak long-term fundamentals and the lack of domestic mutual fund investment, which could signal a lack of confidence in the stock's valuation. Overall, while the recent price increase reflects some positive developments, the broader context reveals significant underlying risks that could affect future performance.