Why is Bajaj Electrical falling/rising?

As of 03-Jul, Bajaj Electricals Ltd is experiencing a price increase, currently at Rs 686.70, reflecting a rise of Rs 18.7 or 2.8%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 2.12%. Despite this positive movement, the stock has underperformed in the long term, with a year-to-date return of -11.39% and a significant annual decline of -35.84%. Positive factors contributing to the recent rise include a low debt-to-equity ratio, impressive growth in profit before tax, and a high inventory turnover ratio. However, the stock's overall performance is hindered by poor long-term growth, as net sales have decreased over the past five years, and it has consistently underperformed against benchmarks.
In the broader market context, Bajaj Electricals' short-term return of +0.93% over the past week contrasts with the Sensex, which has declined by -0.62% during the same period. Although the stock has shown some positive movement today, its long-term performance remains concerning, with a three-year return of -34.05% compared to the Sensex's +57.33%. This persistent underperformance highlights the challenges the company faces, despite some positive indicators in its recent financial results and institutional support.