Why is Bajaj Hindusthan falling/rising?

As of 02-Jul, Bajaj Hindusthan Sugar Ltd is experiencing a price increase, currently at Rs 27.25, which reflects a rise of 1.49 or 5.78%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and has outperformed its sector by 5.76%. In the past week, the stock has risen by 11.86%, while over the last month, it has increased by 11.91%. Despite a significant decline of 34.98% over the past year, the company has reported a substantial profit increase of 83.5%, which may be contributing to the current positive sentiment. Additionally, the stock is trading at a discount compared to its peers, and its operating profit to interest ratio is at a high of 12.10 times, indicating attractive valuation metrics. However, the company faces challenges such as a high Debt to EBITDA ratio and negative return on equity, which could weigh on investor confidence.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 0.79% over the past week and 2.50% over the past month. This contrast highlights the stock's recent recovery efforts amidst a backdrop of underperformance over the last year, where it has lagged behind the market's overall returns of 6.75% year-to-date. The rising investor participation, evidenced by an increase in delivery volume, suggests a growing interest in the stock, potentially driven by its recent positive financial indicators despite its long-term fundamental weaknesses.