Why is Balurghat Tech falling/rising?

As of 24-Sep, Balurghat Technologies Ltd is experiencing a price increase, currently at 18.00, reflecting a rise of 0.5 or 2.86%. The stock has shown a trend reversal by gaining after three consecutive days of decline, and it has outperformed its sector by 4.4% today. Despite a one-week return of -3.23%, the stock has performed positively over the past month with a return of +6.26%. However, it has a concerning year-to-date return of -31.90%, indicating significant losses over a longer period. The company's return on capital employed (ROCE) stands at 11.6, suggesting an attractive valuation, but it is trading at a discount compared to its peers. The company has also faced a substantial drop in profits, with a -53.6% decline over the past year, which raises concerns about its long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of -1.18% over the past week and a modest gain of +0.50% over the past month. Despite the stock's recent uptick, it has underperformed the market significantly over the last year, with a return of -31.58% compared to the benchmark's -3.77%. The company's high debt-to-EBITDA ratio of 4.72 times and low return on equity of 8.88% further highlight its weak financial position, which may contribute to investor caution despite the recent price increase.