Why is Banswara Syntex falling/rising?

As of 24-Jul, Banswara Syntex Ltd's stock price is rising, currently at 148.35, reflecting an increase of 7.65 or 5.44%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 5.42% today and reached an intraday high of Rs 154.6, indicating strong intraday performance. Despite a year-to-date return of only 2.03% and a significant decline of 16.12% over the past year, the stock has demonstrated positive short-term momentum, with a 4.92% increase over the past month. The company's attractive valuation, trading at a discount compared to peers, and rising investor participation, with a notable increase in delivery volume, have contributed to the recent price rise. However, the stock's long-term fundamentals remain weak, with a negative CAGR growth in operating profits and a high debt-to-EBITDA ratio, which could pose risks to sustained growth.
In the broader market context, Banswara Syntex has outperformed the Sensex in the short term, with a 1-week return of 2.49% compared to the benchmark's slight decline of 0.09%. While the stock has struggled over the past year, significantly underperforming the market, its recent price movement suggests a potential recovery phase. The overall market has generated a modest return of 0.99% in the last year, contrasting with the stock's negative performance. This divergence highlights the stock's volatility and the challenges it faces in regaining investor confidence amidst its fundamental weaknesses.