Why is Bhilwara Tech falling/rising?

As of 17-Jul, Bhilwara Technical Textiles Ltd is experiencing a rise in its stock price, currently at 58.00, reflecting an increase of 0.7 or 1.22%. The stock has shown strong performance recently, gaining 13.5% over the last three days and outperforming its sector by 1.05% today. Over the past week, it has increased by 9.64%, and in the last month, it has risen by 24.01%. Despite some underlying weaknesses, such as operating losses and a negative EBITDA, the stock has been supported by rising investor participation, with delivery volume increasing significantly. The company has also demonstrated a market-beating performance over various time frames, including a 21.34% return over the past year.
In the broader market context, while the Sensex has declined by 1.12% over the past week, Bhilwara Technical Textiles Ltd has significantly outperformed this benchmark, indicating strong investor interest despite the company's financial challenges. The stock's liquidity is sufficient for trading, which may also contribute to its upward price movement. However, it is important to note that the company faces risks due to weak long-term fundamentals and declining profitability, which could impact future performance. Overall, the stock's recent rise can be attributed to its strong short-term returns and investor sentiment, despite the underlying financial concerns.