Why is Bajaj Hindusthan falling/rising?

As of 04-Jul, Bajaj Hindusthan Sugar Ltd is experiencing a slight increase in its stock price, currently at 27.68, with a change of 0.07, representing a 0.25% rise. The stock has shown a positive trend recently, gaining 7.45% over the last three days. Despite this short-term gain, the stock has underperformed over the past year, with a return of -32.52%. However, it has reported strong operating profit metrics, including the highest operating profit to interest ratio at 12.10 times and cash equivalents at Rs 73.56 crore, indicating solid financial health. The stock is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, Bajaj Hindusthan's recent performance contrasts sharply with the Sensex, which has declined by 0.74% over the past week. While the stock has outperformed the benchmark in the short term with a 6.83% gain over the last week compared to the Sensex's decline, its year-to-date performance remains negative at -8.86%, while the Sensex has gained 6.77%. This divergence suggests that while the stock is currently gaining traction, it still faces challenges in the broader market environment, reflected in its overall negative returns over longer periods.