Why is Bengal & Assam falling/rising?

As of 05-Sep, Bengal & Assam Company Ltd is experiencing a price increase, currently at Rs 8,640.00, reflecting a rise of Rs 240.0 or 2.86%. The stock has outperformed its sector by 2.37% today and reached an intraday high of Rs 8,640. The company is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a decline in investor participation, with delivery volume falling by 12.42% compared to the 5-day average. Despite a year-to-date decline of 7.10%, the stock has shown strong long-term fundamental strength, with an average Return on Equity (ROE) of 15.18%, which may contribute to investor confidence and support the recent price rise.
In the broader market context, Bengal & Assam's short-term performance over the past week shows a return of 5.37%, significantly outperforming the Sensex, which has only increased by 1.13% during the same period. This strong relative performance suggests that the stock is gaining traction among investors despite its longer-term challenges, as evidenced by its year-to-date performance lagging behind the benchmark. The positive momentum in the stock's price, combined with its strong fundamentals, may indicate a potential recovery phase, even as it navigates through recent declines.