Why is Binani Industrie falling/rising?

As of 01-Jul, Binani Industries Ltd is currently priced at 11.72, reflecting an increase of 0.35 or 3.08%. The stock has shown a positive movement recently, gaining 4.18% over the last two days and outperforming its sector by 2.52% today. However, despite this short-term gain, the stock has significantly underperformed over longer periods, with a decline of 21.87% over the past month and 27.30% over the past year. The company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its overall riskiness and have likely impacted investor sentiment negatively.
In the broader market context, while Binani Industries has experienced a short-term uptick, it has lagged behind the benchmark Sensex, which has gained 2.00% over the past week and 2.76% over the past month. The stock's long-term performance is concerning, with a significant decline compared to the market's positive returns of 7.11% year-to-date. This underperformance, coupled with negative financial indicators such as a low return on capital employed and a negative EBITDA, suggests that while there may be some short-term recovery, the overall outlook for Binani Industries remains weak compared to the broader market trends.