Why is Indsil Hydro falling/rising?

As of 01-Oct, Indsil Hydro Power & Manganese Ltd's stock price is rising, currently at Rs 48.36, reflecting an increase of 2.3 (4.99%). The stock opened with a gain of 3.56% today and reached an intraday high of Rs 48.36, outperforming its sector by 2.85%. However, despite this positive movement, the stock has shown a decline of 3.28% over the past month and a significant drop of 17.61% over the last year. Positive results reported on June 25, including a 156.56% growth in profit before tax and a 25.07% increase in net sales, contribute to the stock's recent upward movement. Nevertheless, concerns regarding weak long-term fundamental strength, such as a low average return on capital employed and a high debt to EBITDA ratio, present a contrasting narrative that may temper investor enthusiasm.
In the broader market context, the stock's short-term performance of +1.83% over the past week stands in stark contrast to the benchmark Sensex, which has declined by 0.90% during the same period. While the stock has outperformed the sector today, its long-term performance remains troubling, with a consistent underperformance against the benchmark over the last three years. The stock's year-to-date return of -2.26% also lags behind the Sensex's gain of 3.64%, indicating that while there may be short-term gains, the overall trend suggests ongoing challenges that investors should consider.