Why is Hindustan Media falling/rising?

As of 14-Jul, Hindustan Media Ventures Ltd is experiencing a price increase, currently at 88.96, reflecting a rise of 1.42 (1.62%). The stock has shown a trend reversal by gaining after two consecutive days of decline. Although the stock's performance today outperformed the sector by 0.74%, it has seen a decrease in delivery volume by 58.82% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has slightly underperformed with a return of -0.07%, while it has performed better over the past month with a gain of 1.17%. Despite positive results in net profit growth and consecutive quarterly gains, the company faces challenges with operating losses and a weak ability to service its debt, which may contribute to cautious investor sentiment.
In the broader market context, the Sensex has declined by 1.42% over the past week, which contrasts with Hindustan Media's slight decline, suggesting that the stock is holding up relatively well against the benchmark. However, over the year, while the stock has generated a return of -8.53%, the benchmark has increased by 2.15%, indicating that the stock is lagging behind the market. The low domestic mutual fund ownership may reflect a lack of confidence in the stock's long-term fundamentals, despite its recent positive earnings reports. Overall, while there are some positive indicators for Hindustan Media, the underlying financial weaknesses and market perceptions may be contributing to a cautious outlook.