Why is Bengal & Assam falling/rising?

As of 30-Jul, Bengal & Assam Company Ltd is currently priced at 8,133.90, reflecting an increase of 22.9 or 0.28%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has traded within a narrow range of Rs 52 today, and the delivery volume has increased by 14.21% compared to the five-day average, indicating rising investor participation. However, despite this short-term uptick, the stock has underperformed in the longer term, with a year-to-date decline of 12.54% and a one-year return of -11.88%. 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 negative results reported for the last five consecutive quarters, which negatively impacts investor sentiment.
In the broader market context, the stock's recent performance is somewhat in line with the benchmark, as the Sensex has also seen a decline of 1.50% over the past week. While Bengal & Assam's short-term performance has improved slightly, its long-term fundamentals remain weak, with a return on equity of 14.4 and a concerning drop in profits by 44.6% over the past year. The limited interest from domestic mutual funds, holding only 0.01% of the company, suggests a lack of confidence in its valuation and business prospects. Overall, while there is a minor positive movement in the stock price, the underlying financial health and market perception continue to pose significant challenges.