Why is Bhilwara Tech falling/rising?

As of 10-Jul, Bhilwara Technical Textiles Ltd is experiencing a price increase, currently trading at Rs 52.90, which reflects a rise of 1.23 or 2.38%. Today's price summary indicates that the stock has outperformed its sector by 1.78% and has shown a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 52.99, marking a gain of 2.55%, although it also touched a low of Rs 49.09 earlier in the day. Over the past month, the stock has generated a return of 25.95%, significantly outperforming the Sensex, which only increased by 0.97%. Positive factors contributing to this rise include an increase in promoter confidence, as they have raised their stake by 0.77%, indicating strong belief in the company's future. However, the company faces challenges such as operating losses and a weak ability to service its debt, which may temper investor enthusiasm.
In the broader market context, the stock's performance over the last week shows a decline of 5.03%, contrasting with the Sensex's minimal drop of 0.06%. Despite this short-term underperformance, the long-term returns are favorable, with a 16.26% increase over the past year, outpacing the Sensex's 4.09% rise. The stock's ability to generate returns over longer periods, alongside rising investor participation and liquidity, suggests a complex picture where short-term volatility exists amid stronger long-term performance.