Why is Balrampur Chini falling/rising?

As of 17-Nov, Balrampur Chini Mills Ltd is experiencing a price increase, currently at Rs 471.95, reflecting a rise of 6.35 or 1.36%. The stock has shown a positive performance today, outperforming its sector by 0.91% and has gained consecutively over the last three days, with a total return of 5.1% during this period. Despite this short-term gain, the stock has underperformed over the longer term, with a year-to-date return of -10.94% and a one-year return of -12.51%. The company has a low Debt to EBITDA ratio of 0.60, indicating a strong ability to service debt, and high institutional holdings at 38.81% suggest confidence from larger investors. However, the stock's profits have declined by -6.3% over the past year, contributing to its overall negative performance.
In the broader market context, Balrampur Chini's short-term return of +2.30% over the past week outpaces the Sensex, which has increased by +1.69% during the same period. While the stock's recent gains are notable, its long-term performance remains concerning, with a three-year return of +36.20% that lags behind the benchmark's +37.57%. The company’s flat results in the latest quarter and poor long-term growth, with operating profit declining at an annual rate of -0.67% over the last five years, further highlight the challenges it faces. Overall, while there are some positive indicators in the short term, the long-term outlook remains uncertain, which may affect investor sentiment moving forward.