Why is Bhilwara Tech falling/rising?

As of 21-Jul, Bhilwara Technical Textiles Ltd's stock price is currently at Rs 59.50, reflecting an increase of Rs 1.22 or 2.09%. The stock has shown a strong performance recently, gaining 16.44% over the past week and 38.69% over the past month. Despite opening lower today with a loss of 2.01%, it reached an intraday high of Rs 61.19, indicating some volatility. However, the stock has been on a consecutive gain streak for the last five days. While it has outperformed its sector by 1.56%, there are underlying concerns, such as operating losses and weak long-term fundamentals, which may affect investor sentiment. The company has reported a significant decline in profitability metrics, including a negative EBIT to Interest ratio and a 69.55% drop in PAT over the past nine months, which raises questions about its financial health.
In the broader market context, Bhilwara Tech's recent performance stands in stark contrast to the benchmark Sensex, which has seen a slight decline of 0.06% over the past week. The stock's ability to generate a return of 33.74% over the last year further highlights its strong performance compared to the Sensex's 1.98% increase in the same period. However, the falling investor participation, with a 36.67% drop in delivery volume, suggests a potential decrease in market confidence, which could impact future price movements. Overall, while the stock has shown impressive short-term gains, the negative financial indicators and reduced investor activity may pose risks to its continued upward trajectory.