Why is Hindustan Zinc falling/rising?

As of 07-Aug, Hindustan Zinc Ltd's stock price is currently at 424.55, reflecting an increase of 4.6, or 1.1%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 4.32% and a significant drop of 28.65% over the past year. The stock's performance today is in line with the sector, but it has experienced a notable decrease in investor participation, with delivery volume falling by 42.26% compared to the five-day average. Additionally, the company boasts a high dividend yield of 4.53%, which may attract some investors, but its long-term growth prospects are hindered by a declining operating profit and reduced promoter confidence, as indicated by a 1.58% decrease in their stake.
In the broader market context, the stock's short-term performance has been relatively stable compared to the benchmark, with a slight gain of 0.01% over the past week, while the Sensex has declined by 0.69%. However, the stock's longer-term performance remains concerning, as it has significantly underperformed the market over the past year, with a return of -28.65% compared to the Sensex's modest gain of 1.45%. This underperformance, coupled with the company's low debt-to-equity ratio and high valuation metrics, suggests that while there may be short-term gains, the overall outlook for Hindustan Zinc Ltd remains cautious amidst broader market conditions.