Why is Honasa Consumer falling/rising?

As of 23-Jun, Honasa Consumer Ltd's stock price is currently at 302.55, reflecting an increase of 2.55 or 0.85%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 1.42% today, and the delivery volume has significantly increased by 1006.16% compared to the 5-day average, indicating rising investor participation. However, despite a year-to-date gain of 19.63%, the stock has underperformed over the past year with a decline of 32.74%. The company's low debt-to-equity ratio and high institutional holdings at 34.04% suggest a level of stability, but the poor long-term growth, as evidenced by a -21.73% annual rate of operating profit decline over the last five years, raises concerns about its future performance.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed significantly over the past year, while the BSE 500 has generated a return of 2.78%. The stock's current upward movement comes amid a backdrop of negative long-term growth indicators, including a substantial drop in profits and a high price-to-book value ratio, which suggests it may be overvalued. While the stock has shown some positive short-term momentum, the overall negative sentiment from its long-term performance and flat results in recent financial disclosures may continue to weigh on investor confidence.