Why is Hindustan Media falling/rising?

As of 09-Jul, Hindustan Media Ventures Ltd is experiencing a price increase, currently at 89.95, reflecting a rise of 1.67 or 1.89%. The stock has shown a positive trend today, outperforming its sector by 1.85% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite a weekly gain of 3.04%, the stock has underperformed over the past month and year, with returns of -0.28% and -9.78%, respectively. Positive factors include a significant net profit growth of 152.36% and strong quarterly results, but the company also faces challenges such as operating losses and a weak ability to service its debt, which may contribute to investor caution.
In the broader market context, while the stock has shown short-term strength, it has lagged behind the benchmark Sensex, which has gained 0.15% over the past week. The stock's long-term performance is concerning, with a year-to-date return of -1.53% compared to the Sensex's 6.91%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation or business prospects. Overall, while there are positive indicators in the company's recent performance, the underlying financial weaknesses and market sentiment may be influencing the stock's recent upward movement.