Why is Hitech Corp. falling/rising?

As of 10-Jul, Hitech Corporation Ltd's stock price is rising, currently at Rs 208.00, reflecting an increase of Rs 7.9 or 3.95%. The stock has shown positive momentum, gaining 5.53% over the last three days and outperforming its sector by 4.26% today. It opened with a gain of 3.2% and reached an intraday high of Rs 208. Despite this recent uptick, the stock has a year-to-date return of -12.97%, indicating a significant decline over a longer period. The company has a low Debt to EBITDA ratio of 1.42, suggesting a strong ability to service its debt, and it is trading at a discount compared to its peers. However, the stock has seen a substantial decline in profits, down by 59.3% over the past year, and has declared negative results for the last four consecutive quarters, which raises concerns about its long-term growth potential.
In the broader market context, Hitech Corporation's short-term performance contrasts with the benchmark, as it has gained 4.52% over the past week while the Sensex has remained nearly flat at -0.06%. However, the stock's longer-term performance has been poor, with a decline of -11.36% over the past year compared to a 4.09% increase in the Sensex. This consistent underperformance against the benchmark over the last three years highlights the challenges the company faces, despite its recent price increase. The falling investor participation, indicated by a 53% drop in delivery volume, further complicates the outlook for the stock, suggesting that while there may be short-term gains, the overall sentiment remains cautious.