Why is Birla Cable falling/rising?

As of 24-Jul, Birla Cable Ltd's stock price is currently at 176.50, reflecting an increase of 1.5, or 0.86%. Today's price summary indicates that the stock has outperformed its sector by 2.14%, although it is trading higher than its 100-day moving average but lower than its 5-day, 20-day, 50-day, and 200-day moving averages. Despite this positive movement today, the stock has shown a negative return of -38.93% over the past year, with profits falling by -77.6%. The company has also declared negative results for the last seven consecutive quarters, which raises concerns about its financial health, particularly given its high Debt to EBITDA ratio of 3.21 times and low Return on Equity of 9.02%.
Broader Market Context: In comparison to the benchmark, Birla Cable has underperformed significantly, with a one-year return of -38.93% against the BSE500's positive return of 0.99%. This stark contrast highlights the challenges the company faces, particularly as domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future performance. The stock's recent rise may be attributed to short-term trading activity rather than a fundamental improvement in its financial situation, as indicated by the falling investor participation and declining sales figures.