Why is Bhilwara Spinner falling/rising?

As of 20-Aug, Bhilwara Spinners Ltd's stock price is currently at Rs 120.10, reflecting a slight increase of 0.1 (0.08%). The stock has shown a positive performance recently, gaining for the last two days with a total return of 3.09%. However, it remains close to its 52-week low, just 3.58% above Rs 115.8. Over the past week, the stock has underperformed the benchmark Sensex, which has risen by 1.64%, while Bhilwara Spinners has declined by 0.17%. The company has been facing significant challenges, including a weak long-term fundamental strength indicated by a low Return on Capital Employed (ROCE) of 0.43% and negative financial results, with net sales declining by 23.51% in the latest six months.
In the broader market context, while the Sensex has shown a positive return of 4.76% year-to-date, Bhilwara Spinners has significantly lagged behind with a year-to-date decline of 19.40%. This underperformance is further highlighted by its one-year return of -28.72%, which starkly contrasts with the market's negative return of only -1.20%. Despite a recent uptick in investor participation, the company's overall financial health remains concerning, with poor growth metrics and a high valuation compared to its peers. This combination of factors suggests that while there may be short-term gains, the long-term outlook for Bhilwara Spinners remains weak, contributing to its overall stock price movement.