Why is Hindustan Zinc falling/rising?

As of 11-Jul, Hindustan Zinc Ltd's stock price is currently at 424.60, reflecting an upward movement of 1.9, or 0.45%. The stock has recently experienced a trend reversal, gaining after nine consecutive days of decline. However, it is still trading below all its moving averages, indicating a bearish trend. The stock has underperformed the market significantly over the past month and year, with returns of -18.41% and -36.87%, respectively. Despite these challenges, the company has reported positive results for the last four quarters, with net sales reaching a record high and a strong operating profit to interest ratio. However, the stock's long-term growth prospects appear limited, as indicated by a modest annual growth rate in operating profit and a high valuation compared to peers.
In the broader market context, Hindustan Zinc's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight decline of only 1.12% over the past week. The stock's recent outperformance of its sector by 0.32% today suggests some recovery, but the overall trend remains concerning due to falling investor participation and a high percentage of pledged promoter shares, which can exert additional downward pressure in a declining market. The stock's high dividend yield of 4.49% may provide some support, but the overall sentiment remains cautious given its poor long-term performance relative to the broader market and its peers.