Why is Bharat Rasayan falling/rising?

As of 22-Jul, Bharat Rasayan Ltd. is experiencing a price increase, currently at Rs 11,171.00, reflecting a rise of 60.0 points or 0.54%. Today's price summary indicates that the stock has outperformed its sector by 0.87% and has shown a trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 11,499.95, marking a 3.5% increase. Over the past month, Bharat Rasayan has delivered a return of +11.87%, while its year-to-date performance stands at +9.32%. However, it has faced challenges in the long term, with a decline in operating profit over the last five years and a high Price to Book Value ratio of 4.1, indicating an expensive valuation despite a relatively high return on equity of 16.47%.
In the broader market context, the stock's short-term performance of -1.93% over the past week contrasts with the Sensex, which has only decreased by 0.47% during the same period. This suggests that while Bharat Rasayan is currently rising, it has struggled recently compared to the benchmark. The company’s liquidity appears sufficient for trading, with a notable increase in delivery volume, indicating rising investor participation. Despite these positive indicators, the stock's long-term growth prospects remain a concern due to declining operating profits and a significant drop in profit before tax and profit after tax in the latest quarter.