Why is Hindustan Motors falling/rising?

As of 02-Sep, Hindustan Motors Ltd's stock price is currently at Rs 23.44, reflecting an increase of Rs 1.11 or 4.97%. The stock has shown a positive performance today, outperforming its sector by 6.17% and has gained consecutively over the last two days, with a total return of 6.26% during this period. However, despite this recent uptick, the company has reported negative results for the last three consecutive quarters, with a significant decline in profit after tax and a high Debt to EBITDA ratio, indicating a low ability to service debt. These negative factors contribute to a concerning outlook for the stock, which has underperformed in the long term, generating a return of -21.87% over the past year.
In the broader market context, Hindustan Motors' recent short-term return of +4.41% over the past week stands in stark contrast to the Sensex, which has declined by 0.78% during the same period. While the stock has shown some resilience in the short term, its long-term performance remains troubling, with a significant drop of 17.75% year-to-date compared to the Sensex's gain of 2.58%. This divergence highlights the challenges faced by Hindustan Motors in maintaining investor confidence amidst its financial struggles, despite the recent positive price movement.