Why is Bengal & Assam falling/rising?

As of 15-Jul, Bengal & Assam Company Ltd's stock price is currently at 8,250.00, reflecting an increase of 197.0, or 2.45%. Today's performance indicates a positive trend as the stock has outperformed its sector by 1.64% and has gained after two consecutive days of decline. The stock reached an intraday high of Rs 8310.05, indicating a strong recovery. However, despite this short-term gain, the company has faced significant challenges, including a poor long-term growth trajectory with net sales declining at an annual rate of -28.14% and operating profit falling by -13.29%. The company has reported negative results for the last five consecutive quarters, which has contributed to a year-to-date decline of -11.29% in stock performance.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a decline of -1.36% over the past week. While Bengal & Assam has demonstrated a positive return of +8.54% over the past month, its long-term performance remains concerning, with a -7.30% return over the past year. The stock's valuation appears expensive with a price-to-book ratio of 1, and the low domestic mutual fund ownership suggests a lack of confidence among institutional investors. Overall, while the stock is experiencing a short-term rise, the underlying fundamentals and long-term growth prospects remain weak, which could impact future performance.