Why is Bhandari Hosiery falling/rising?

As of 04-Jul, Bhandari Hosiery Exports Ltd is experiencing a price increase, currently at 5.84, reflecting a change of 0.32 or 5.8% upward. Today's performance indicates that the stock has outperformed its sector by 4.98% and has shown a trend reversal after two consecutive days of decline. Despite this positive movement, the stock has a mixed performance over various periods, with a 1-week return of +6.18% while it has underperformed over the last year with a return of -25.22%. The company has reported strong quarterly results, including the highest operating profit to interest ratio at 2.73 times and net sales of Rs 89.23 crore, which contribute positively to its valuation. However, the stock's long-term fundamentals are weak, with a low average return on capital employed (ROCE) of 8.53% and a high debt to EBITDA ratio of 4.81 times, which raises concerns about its ability to service debt.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed the Sensex by 6.18% over the past week, while the benchmark has declined by 0.74%. However, over the longer term, the stock has significantly underperformed the market, with a year-to-date return of -17.16% compared to the Sensex's gain of 6.77%. This disparity highlights the challenges Bhandari Hosiery faces in regaining investor confidence despite its recent positive price movement. The falling investor participation, indicated by a 35.01% decrease in delivery volume, further complicates the stock's outlook, suggesting that while there may be short-term gains, the long-term prospects remain uncertain.