Why is Bhagwati Auto falling/rising?

As of 16-Jul, Bhagwati Autocast Ltd's stock price is rising, currently at 374.95, reflecting an increase of 5.45 (1.47%). The stock has shown a strong performance today, outperforming its sector by 1.77% and gaining 4.41% over the last two days. It opened with a significant gain of 3.83% and reached an intraday high of Rs 392.9. However, it also experienced a low of Rs 361.1 during the day. Despite the recent gains, the stock has underperformed over the past year, with a return of -17.77%, while its profits have decreased by -11.1%. The company maintains a strong ability to service its debt, indicated by a low Debt to EBITDA ratio of 1.17 times, and is trading at a discount compared to its peers, which may contribute positively to investor sentiment.
In the broader market context, Bhagwati Autocast Ltd has outperformed the Sensex in the short term, with a 1-week return of +6.52% compared to the benchmark's -1.08%. However, the stock's year-to-date performance is concerning, showing a decline of -17.59% against the Sensex's increase of +5.75%. This suggests that while the stock is experiencing a short-term rise, its long-term growth prospects remain weak, as evidenced by flat results and a significant drop in PAT over the last quarter. The falling investor participation, indicated by a 72.78% decrease in delivery volume, could also signal caution among investors despite the recent price increase.