Why is Balrampur Chini falling/rising?

As of 14-Aug, Balrampur Chini Mills Ltd is experiencing a price increase, currently at Rs 565.50, reflecting a rise of Rs 18.1 or 3.31%. The stock has outperformed its sector today by 3.29%, reaching an intraday high of Rs 568, which is a 3.76% increase. Over the past week, the stock has shown a positive return of 2.43%, while its performance over the last month has been negative at -7.23%. Despite this recent dip, the stock has generated a return of 12.31% over the past year, significantly outperforming the broader market, as indicated by the Sensex's return of only 1.89%. Additionally, the stock's high institutional holdings at 40.01% and their increased stake by 0.88% suggest confidence in the company's fundamentals, although the stock has faced challenges with a decline in operating profit over the last five years.
In the broader market context, Balrampur Chini's short-term performance has been favorable compared to the Sensex, which has remained flat at -0.03% over the past week. While the stock has shown strong long-term performance, outperforming the BSE500 over various periods, it has also faced negative results in recent quarters, including a significant drop in profit after tax. The company's liquidity remains adequate for trading, but a notable decrease in delivery volume indicates a potential decline in investor participation. Overall, the stock's recent rise can be attributed to its strong institutional backing and short-term outperformance, despite underlying concerns regarding long-term growth and profitability.