Why is Bandaram Pharma falling/rising?

As of 16-Jun, Bandaram Pharma Packtech Ltd's stock price is rising, currently at Rs 38.99, reflecting an increase of Rs 3.49 or 9.83%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline. It opened with a gain of 2.54% and reached an intraday high of Rs 39.99, showcasing high volatility with an intraday fluctuation of 6.64%. Over the past month, the stock has increased by 2.88%, while it has outperformed the sector by 11.32% today. However, despite a 13.05% return over the past year, the company's profits have only risen by 4%, and it has a high Debt to EBITDA ratio of 6.31 times, indicating weak long-term fundamental strength.
In the broader market context, Bandaram Pharma's short-term performance has been relatively better than the benchmark, as it has gained 2.88% over the past month compared to the Sensex's decline of 0.65%. While the stock has shown some positive movement recently, it still faces challenges, including a significant drop in delivery volume and a low ability to service debt. The stock's long-term performance remains under scrutiny due to its average Return on Capital Employed (ROCE) of 5.74%, which raises concerns about its sustainability in the face of high debt levels.