Why is Bhandari Hosiery falling/rising?

As of 08-Jul, Bhandari Hosiery Exports Ltd's stock price is currently at 5.80, reflecting an increase of 0.1, or 1.75%. Today's price summary indicates that the stock is performing in line with its sector, with a delivery volume that has risen by 16% compared to the 5-day average, suggesting increased investor participation. The stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Despite a year-to-date decline of 17.73%, the stock has shown a positive short-term return of 3.94% over the past week, outperforming the Sensex, which has only increased by 0.02%. Positive financial results, including the highest operating profit to interest ratio and net sales, indicate a strong operational performance, while the stock's attractive valuation relative to peers may also contribute to its recent price increase.
In the broader market context, while Bhandari Hosiery has underperformed over the past year with a decline of 24.48%, the overall market has generated a return of 1.98%. This stark contrast highlights the stock's challenges, including weak long-term fundamentals, a low return on capital employed, and a high debt-to-EBITDA ratio, which may deter long-term investors. However, the recent positive financial indicators and rising investor interest could suggest a potential turnaround, at least in the short term. The stock's liquidity, being adequate for trading, further supports its recent upward movement, despite the overall negative sentiment reflected in its long-term performance.