Why is Bhandari Hosiery falling/rising?

As of 01-Jul, Bhandari Hosiery Exports Ltd is experiencing a price increase, currently at 5.58, reflecting a change of 0.21 or 3.91% upward. Today's price summary indicates that the stock has outperformed its sector by 4.55% and has shown a trend reversal after two consecutive days of decline. While the stock is trading higher than its 5-day, 50-day, and 100-day moving averages, it remains below the 20-day and 200-day moving averages. Despite a significant year-to-date decline of 20.85% and a one-year drop of 30.08%, the company reported positive results in its latest quarter, including the highest operating profit to interest ratio and net sales, which may contribute to the recent uptick in price. However, the stock's long-term fundamentals are weak, with a low return on capital employed and a high debt to EBITDA ratio, which could temper investor enthusiasm.
In the broader market context, Bhandari Hosiery's short-term return of 3.91% over the past week significantly outpaces the Sensex's return of 2.00% in the same period. However, the stock has underperformed the market over the last year, where the BSE500 generated a return of 3.20% while Bhandari Hosiery posted a negative return of 30.08%. This contrast highlights the stock's volatility and potential investor concerns regarding its long-term growth prospects, despite recent positive quarterly results.