Why is Bhagyanagar Ind falling/rising?

As of 08-Jul, Bhagyanagar India Ltd's stock price is currently at 80.41, reflecting an increase of 0.64 or 0.8%. The stock has shown a positive performance today, outperforming its sector by 1.17% and has been gaining for the last two days, with a total return of 1.5% during this period. Over the past week, the stock has risen by 1.71%, while it has increased by 2.46% over the past month. However, despite these recent gains, the stock has significantly underperformed over the longer term, with a year-to-date decline of 17.49% and a one-year drop of 33.55%. Positive factors contributing to the recent price movement include strong quarterly results, with record net sales and cash equivalents, and an attractive valuation compared to peers. Conversely, the stock faces challenges such as weak long-term fundamentals, a high debt to EBITDA ratio, and a significant decline in profits over the past year.
In the broader market context, Bhagyanagar India Ltd's recent short-term performance contrasts with the benchmark Sensex, which has only increased by 0.02% over the past week. Although the stock has outperformed the sector recently, it has still lagged behind the overall market performance over the past year, where the BSE500 index generated a return of 1.98%. This underperformance highlights the stock's struggle to attract investor confidence despite its recent gains, particularly given its substantial losses over the past year and the declining investor participation reflected in the falling delivery volume.