Why is Hipolin falling/rising?

As of 30-Jun, Hipolin Ltd's stock price is currently at Rs 72.99, reflecting an increase of Rs 1.99 or 2.8%. The stock has shown a trend reversal today, gaining after eight consecutive days of decline, and opened with a gap up of 4.73%. Despite this positive movement, the stock has underperformed significantly over the past week and month, with returns of -12.95% and -23.17% respectively. The company has faced substantial operating losses, with a weak long-term fundamental strength indicated by a -183.09% annual growth rate in operating profit over the last five years. Additionally, the stock is trading at a risky valuation, with a negative EBITDA and a significant portion of promoter shares (39.76%) pledged, which adds downward pressure in a falling market.
Broader market context shows that while the Sensex has gained 2.09% over the past week and 2.65% over the past month, Hipolin's performance has been starkly negative in comparison. The stock has underperformed the market significantly over the last year, generating a return of -37.62% against the broader market's positive returns of 3.95%. This stark contrast highlights the challenges Hipolin faces, as its weak financials and high levels of pledged shares continue to impact investor sentiment negatively, despite today's brief uptick in price.