Why is Hindware Home In falling/rising?

As of 10-Jun, Hindware Home Innovation Ltd is experiencing a price increase, currently at Rs 290.00, reflecting a rise of 5.4 points or 1.9%. The stock has shown strong performance recently, gaining 5.63% over the last two days and outperforming its sector by 1.15% today. It opened with a gain of 3.07% and reached an intraday high of Rs 294.75. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite these short-term gains, the stock has underperformed over the past year with a return of -21.39%, and the company has faced significant challenges, including a -201.6% decline in profits over the same period.
In the broader market context, Hindware Home Innovation Ltd has outperformed the Sensex in the short term, with a 1-week return of +6.11% compared to the Sensex's +2.05%. However, the stock's long-term fundamentals remain weak, evidenced by a -13.47% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 3.42 times. The company has also reported negative results for the last 12 consecutive quarters, which raises concerns about its long-term viability. While the recent price movement may attract investor interest, the underlying financial health of the company suggests caution, as it has consistently underperformed the broader market over the past year.