Why is Hindustan Motors falling/rising?

As of 03-Jul, Hindustan Motors Ltd is experiencing a slight increase in its stock price, currently at 28.89, with a change of 0.03, representing a 0.1% rise. Today's price summary indicates that the stock has underperformed its sector by 0.47% and has shown a trend reversal after three consecutive days of decline. Despite being higher than the 50-day, 100-day, and 200-day moving averages, it remains lower than the 5-day and 20-day moving averages. The stock has faced challenges, including a significant drop in delivery volume, which fell by 26.98% against the 5-day average. Over the past week, the stock has decreased by 0.07%, while it has seen a more substantial decline of 9.01% over the past month. The company has reported negative financial results, including a high Debt to EBITDA ratio and consecutive quarterly losses, which contribute to a negative outlook for investors.
In the broader market context, Hindustan Motors has underperformed compared to the benchmark Sensex, which has gained 3.10% over the past month, while the stock has dropped significantly. The stock's year-to-date return of 1.37% is notably lower than the Sensex's 6.53% gain, and its one-year performance shows a decline of 11.81%, contrasting sharply with the benchmark's 4.07% increase. This underperformance, coupled with the company's poor financial health and low investor confidence, as indicated by minimal mutual fund holdings, suggests that the stock's recent rise may be more of a temporary correction rather than a sign of a sustained recovery.