Why is Bannari Amm Spg. falling/rising?

As of 17-Sep, Bannari Amman Spinning Mills Ltd is experiencing a price increase, with the current price at Rs 28.27, reflecting a change of 0.52 or 1.87% upward. Despite this recent uptick, the stock has shown a negative performance over the past week, down 0.91%, and has significantly underperformed the benchmark Sensex over various periods, including a year-to-date decline of 47.16%. However, today's performance indicates a trend reversal as the stock has gained after three consecutive days of decline. Additionally, the stock is trading lower than its moving averages, but there has been a notable increase in investor participation, with delivery volume rising by 283.9% against the five-day average. The company has reported strong financial results, including a 147.83% growth in net profit and positive results for the last four consecutive quarters, which may contribute to the recent price movement.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 1.56% over the past week. This underperformance is consistent with the stock's historical trend, as it has generated a return of -56.62% over the past year while the Sensex has remained relatively flat at -0.46%. The company's weak long-term fundamental strength, highlighted by a -2.03% CAGR growth in net sales over the last five years and a high debt-to-EBITDA ratio, raises concerns about its ability to sustain growth despite recent positive results. Overall, while the recent price increase may reflect short-term investor optimism, the long-term outlook remains uncertain due to the company's historical underperformance and fundamental weaknesses.