Why is BCL Enterprises falling/rising?

As of 11-Jul, BCL Enterprises Ltd is currently priced at 0.78, reflecting an increase of 0.02 or 2.63%. The stock has shown a positive trend recently, gaining 6.85% over the last two days and outperforming its sector by 3.55% today. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in its price momentum. Despite a significant decline of 29.09% over the past year, the company has seen a remarkable profit increase of 127.2%, leading to a very attractive valuation with a Price to Book Value of 0.7. Nonetheless, the company is facing operating losses and has weak long-term fundamental strength, which could be contributing to the stock's volatility.
In the broader market context, BCL Enterprises has underperformed the benchmark Sensex over various time frames, with a 1-week return of -10.34% compared to the Sensex's -1.12%. This underperformance is particularly notable given that the stock has a year-to-date decline of 17.02%, while the Sensex has gained 5.58%. The falling investor participation, with a delivery volume drop of 87.67% against the 5-day average, suggests a lack of confidence among investors, which may be impacting the stock's price movement despite its recent gains. Overall, while there are some positive indicators, the stock's long-term outlook remains uncertain amidst operational challenges and significant historical losses.