Why is Bharat Rasayan falling/rising?

As of 30-Jun, Bharat Rasayan Ltd. is experiencing a price increase, currently at Rs 11,000.00, reflecting a rise of Rs 640.5 or 6.18%. Despite opening the day with a loss of 2.94%, the stock reached an intraday high of Rs 11,121.9, indicating a strong recovery within the trading session. Over the past week, the stock has outperformed its sector by 4.89% and has shown a notable return of 21.04% over the last month. However, it has faced challenges in the long term, with a decline in operating profit and a negative return of 5.28% over the past year. The company's high management efficiency, indicated by a return on equity (ROE) of 16.47% and a low debt-to-equity ratio of 0.04, contrasts with its poor long-term growth prospects, which may contribute to mixed investor sentiment.
In the broader market context, Bharat Rasayan's recent performance has significantly outpaced the benchmark Sensex, which has only increased by 2.09% over the past week. This short-term outperformance may attract investors looking for immediate gains, despite the company's consistent underperformance over the last three years. The stock's liquidity remains adequate, allowing for trading flexibility, but a decline in delivery volume suggests waning investor participation. Overall, while the stock shows positive short-term momentum, its long-term growth concerns and recent financial performance may temper enthusiasm among investors.