Why is Balmer Lawrie falling/rising?

As of 11-Sep, Balmer Lawrie & Company Ltd is experiencing a slight increase in its stock price, currently at 230.30, with a change of 0.7, representing a 0.3% rise. The stock has shown a performance of +0.57% over the past week and +9.04% over the past month, indicating a positive trend in the short term. Despite this, it has underperformed its sector by -0.32% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish sentiment among investors. Additionally, the rising delivery volume, which increased by 1.7% against the 5-day average, reflects growing investor participation. The company also boasts a high dividend yield of 3.7%, which may attract income-focused investors. However, it is important to note that the stock has underperformed over the past year, with a return of -17.54%, despite a modest profit increase of 1.1%.
In the broader market context, the stock's short-term performance has lagged behind the benchmark Sensex, which has increased by 1.03% over the past week and 1.17% over the past month. While Balmer Lawrie's year-to-date return of +8.25% is favorable compared to the Sensex's +4.36%, its long-term performance remains concerning, particularly with a -17.54% return over the past year. The company's low debt-to-equity ratio and attractive valuation, with a return on equity of 13.5 and a price-to-book value of 2, suggest a stable financial position, but the stock's premium valuation compared to peers may limit further upside. Overall, while recent movements indicate some positive momentum, the stock's historical underperformance and current market conditions present a mixed outlook.