Why is Bajaj Electrical falling/rising?

As of 12-Sep, Bajaj Electricals Ltd is currently priced at 588.20, reflecting a slight increase of 1.0 (0.17%). The stock has been on an upward trend, gaining for the last four consecutive days with a total return of 4.11% during this period. It is performing in line with its sector, and the delivery volume has seen a significant increase of 189.05% compared to the 5-day average, indicating rising investor participation. However, despite these positive short-term movements, the stock has underperformed significantly over the past year, with a return of -40.01%, and its profits have declined by 26.1%. The company maintains a low debt-to-equity ratio and high institutional holdings, which could provide some stability, but the recent financial performance, including a substantial drop in profit before tax, raises concerns about its long-term viability.
In the broader market context, Bajaj Electricals' short-term return of 2.31% over the past week outpaces the Sensex's return of 1.48%, suggesting a relatively stronger performance in the immediate term. However, the stock's year-to-date performance remains troubling, with a decline of 24.10%, contrasting sharply with the Sensex's gain of 4.82%. This consistent underperformance against the benchmark over the last three years highlights the challenges the company faces, despite the recent uptick in price. Overall, while there are some positive indicators in the short term, the long-term outlook remains cautious due to significant past losses and operational challenges.