Why is Bhilwara Tech falling/rising?

As of 30-Jun, Bhilwara Technical Textiles Ltd is experiencing a significant rise in its stock price, currently at Rs 50.40, reflecting an increase of Rs 4.79 or 10.5%. The stock has shown strong performance today, outperforming its sector by 8.11% and has gained 13.54% over the last two days. It opened with a gain of 5.24% and reached an intraday high of Rs 54, marking an increase of 18.4%. Additionally, the stock has demonstrated impressive returns over various periods, including a 14.55% increase over the past week and a remarkable 199.11% rise over the last three years. Positive sentiment is bolstered by rising promoter confidence, as they have increased their stake by 0.77%, indicating strong belief in the company's future, despite the company facing operating losses and weak long-term fundamentals.
In the broader market context, Bhilwara Technical Textiles Ltd has significantly outperformed the Sensex, which has only increased by 2.09% over the past week. While the stock's recent volatility and high trading activity suggest a dynamic market response, the decline in delivery volume indicates a potential concern regarding investor participation. Despite the company's weak financial performance, including a negative EBITDA and declining profitability, the recent stock price movement reflects a combination of positive market sentiment and strategic confidence from promoters, contrasting with the overall market's more subdued performance.