Why is Hindustan Media falling/rising?

As of 30-Jun, Hindustan Media Ventures Ltd is currently priced at 89.49, reflecting an increase of 0.89 or 1.0%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive short-term trend. However, despite a recent growth in net profit of 152.36% and positive results over the last three consecutive quarters, the company faces challenges such as operating losses and a weak ability to service its debt, evidenced by a poor EBIT to interest ratio of -5.55. Additionally, the stock has underperformed over the past year, generating a return of -8.29%, which contrasts sharply with the significant rise in profits of 681.7%, highlighting a disconnect between stock performance and financial health.
In the broader market context, Hindustan Media's short-term return of +5.16% over the past week outpaces the Sensex's return of +2.09% during the same period. However, the stock has significantly underperformed the market over the last year, where the Sensex has returned +5.79% compared to Hindustan Media's -8.29%. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's valuation or business prospects, further contributing to its struggles in the market despite some positive financial indicators.