Why is Bengal Tea & Fab falling/rising?

As of 23-Jun, Bengal Tea & Fabrics Ltd's stock price is rising, currently at Rs 145.50, reflecting an increase of Rs 5.75 or 4.11%. The stock has shown a strong performance today, outperforming its sector by 3.58% and achieving a consecutive gain over the last two days with a total return of 5.32%. Additionally, the stock has been trading above its 5-day, 20-day, and 50-day moving averages, indicating positive short-term momentum. However, it is important to note that the company has been facing significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative EBIT to interest ratio and declining profitability. Despite these issues, rising promoter confidence, with a 0.68% increase in their stake, suggests a belief in the company's future potential.
In the broader market context, Bengal Tea & Fabrics Ltd has outperformed the Sensex in the short term, with a 1-week return of +1.75% compared to the benchmark's +0.12%. However, the stock's year-to-date performance remains concerning, with a decline of 11.79% against the Sensex's gain of 4.81%. This juxtaposition highlights the stock's volatility and the risks associated with its current valuation, particularly given its negative EBITDA and significant drop in net sales and profitability over the past year.