Why is Bajaj Hindusthan falling/rising?

As of 03-Jul, Bajaj Hindusthan Sugar Ltd is experiencing a price increase, currently at 27.61, with a change of 0.36, representing a rise of 1.32%. The stock has shown strong performance recently, gaining 7.18% over the last two days and outperforming its sector by 1.47%. Additionally, the stock has returned 12.74% over the past week and 14.90% over the past month, while it remains below its year-to-date performance of -9.09%. Key financial metrics indicate a solid operating profit to interest ratio, the highest cash and cash equivalents, and a significant increase in profits despite the stock's decline over the past year. The stock is also trading at a discount compared to its peers, which may attract investor interest.
In the broader market context, while Bajaj Hindusthan has outperformed the benchmark Sensex in the short term, the benchmark has shown a modest gain of 3.10% over the past month. This contrast highlights the stock's recent strength against a backdrop of a generally stable market. The rising investor participation, evidenced by a significant increase in delivery volume, suggests growing confidence among investors, which could further support the stock's upward momentum. However, it is important to note that despite these positive indicators, the stock has faced a substantial decline over the past year, indicating potential volatility moving forward.