Why is Bansal Wire Inds falling/rising?

As of 15-Sep, Bansal Wire Industries Ltd is experiencing a price increase, currently at 358.00, reflecting a change of 5.3 or 1.5% upward. Today's price summary indicates that the stock has outperformed its sector by 0.63% and has shown a trend reversal after three consecutive days of decline. However, it is trading below all its moving averages, which suggests a bearish trend overall. Despite a year-to-date return of -22.17% and a one-year return of -18.90%, the company has seen a significant profit increase of 89% over the same period, indicating potential for recovery. The company maintains a low debt-to-equity ratio of 0.47, which is favorable, yet it has shown poor long-term growth with net sales growing at an annual rate of only 13.40% over the last five years.
In the broader market context, Bansal Wire Industries Ltd has underperformed against the benchmark, with a one-week return of -0.44% compared to the Sensex's +1.24%. This consistent underperformance over the last three years highlights challenges the company faces in gaining investor confidence. While there has been a rise in investor participation, as evidenced by a 51.38% increase in delivery volume, the stock's overall liquidity remains adequate for trading. The flat results reported in June and the significant growth in interest expenses further complicate the outlook, suggesting that while there may be short-term gains, the long-term growth prospects remain uncertain.