Why is Balkrishna Inds falling/rising?

As of 17-Jul, Balkrishna Industries Ltd is experiencing a price increase, currently trading at Rs 2,735.10, which reflects a rise of Rs 89.8 or 3.39%. The stock has outperformed its sector today by 2.69%, reaching an intraday high of Rs 2,774.9, which is a 4.9% increase. Despite this positive movement, the stock has shown a year-to-date decline of 6.01% and a one-year decline of 12.20%, indicating a longer-term underperformance. The company benefits from high management efficiency with a return on capital employed (ROCE) of 15.96% and a low debt-to-EBITDA ratio of 0.81 times, which supports its ability to service debt. However, it faces challenges with declining operating profit and profit after tax compared to previous quarters, alongside a high valuation relative to its earnings growth, as indicated by a PEG ratio of 2.6.
In the broader market context, Balkrishna Industries has outperformed the Sensex in the short term, with a 1-week return of 3.67% compared to the benchmark's decline of 1.12%. However, the stock's longer-term performance has been less favorable, with consistent underperformance against the benchmark over the past three years. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume suggests a potential decrease in investor interest. Overall, while the stock is currently rising, its historical performance and recent financial metrics indicate underlying challenges that could affect its future trajectory.