Why is Hitech Corp. falling/rising?

As of 16-Jul, Hitech Corporation Ltd's stock price is rising, currently at 216.20, reflecting an increase of 11.4 or 5.57%. The stock has shown strong performance today, outperforming its sector by 4.61% and opening with a gain of 3.52%. It reached an intraday high of Rs 220, indicating positive momentum. Over the past week, the stock has increased by 8.05%, while it has also gained 14.79% over the past month. However, despite this recent uptick, the stock has a year-to-date decline of 9.54% and a one-year return of -13.52%, suggesting ongoing challenges. The company has a low Debt to EBITDA ratio of 1.42, indicating a strong ability to service debt, but it has also reported 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 recent gains contrast sharply with the Sensex, which has declined by 1.08% over the past week. While the stock has shown short-term resilience, its long-term performance remains concerning, with a consistent underperformance against benchmarks over the last three years. The company's operating profit has decreased at an annual rate of -4.45% over the past five years, and its profits have fallen by 59.3%, which may weigh on investor sentiment despite the current price rise. Overall, while the stock is experiencing a short-term rally, the underlying fundamentals suggest caution for long-term investors.