Why is Bharat Rasayan falling/rising?

As of 10-Jul, Bharat Rasayan Ltd. is experiencing a price increase, currently at 11,450.00, reflecting a rise of 49.0 points or 0.43%. The stock has shown positive performance today, outperforming its sector by 1.64% and has been on a consecutive gain for the last two days, accumulating a total return of 0.76% during this period. Over the past week, the stock has increased by 1.00%, and in the last month, it has surged by 27.58%, while year-to-date returns stand at 12.05%. Despite these gains, there is a notable decline in investor participation, with delivery volume falling by 52.42% against the five-day average. The company also boasts high management efficiency with a return on equity (ROE) of 16.47% and a low debt-to-equity ratio, which are positive indicators for its financial health.
In the broader market context, Bharat Rasayan's short-term performance has outpaced the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has shown resilience in the short term, it faces challenges in the long term, as indicated by a negative annual growth rate of operating profit over the last five years and a significant drop in profit after tax for the latest quarter. Although the stock is trading at a discount compared to its peers' average historical valuations, its high price-to-book value ratio suggests it may be considered expensive. Overall, the stock's recent upward movement is supported by strong short-term returns and management efficiency, but long-term growth concerns may temper investor enthusiasm.