Why is Bannari Amm Spg. falling/rising?

As of 19-Aug, Bannari Amman Spinning Mills Ltd's stock price is rising, currently at 30.60, reflecting an increase of 1.58 or 5.44%. Today's price summary indicates that the stock has outperformed its sector by 4.15% and has experienced a trend reversal after two consecutive days of decline, reaching an intraday high of Rs 31.29. However, despite this positive movement, the stock has shown a significant decline of 47.02% over the past year, even as the company reported a remarkable growth in net profit of 147.83% and positive results for the last four consecutive quarters. The stock is trading at a discount compared to its peers, with a PEG ratio of 0.2, indicating attractive valuation, but it also faces challenges such as a weak long-term fundamental strength and a high Debt to EBITDA ratio of 8.84 times.
In the broader market context, the stock's short-term return of +2.65% over the past week outperformed the Sensex, which increased by 1.76%. However, the stock has consistently underperformed against the benchmark over the last three years, with a staggering decline of 47.02% in the past year compared to a 4.49% gain in the Sensex year-to-date. This consistent underperformance, alongside a low average return on equity of 2.32%, suggests that while there are positive indicators in the company's recent performance, the overall market sentiment and long-term fundamentals remain a concern for investors.