Why is Birla Cable falling/rising?

As of 04-Aug, Birla Cable Ltd's stock price is currently at Rs 172.00, reflecting an increase of Rs 6.09 or 3.67%. The stock has shown a trend reversal today, gaining after three consecutive days of decline. It outperformed its sector by 2.38% and reached an intraday high of Rs 172.2. Despite a one-month decline of 4.44% and a year-to-date drop of 19.68%, the stock has demonstrated a strong performance over the past three years with a return of 32.82%. However, it has faced significant challenges, including a 41.80% decrease over the past year, attributed to a substantial profit decline of 77.6% and negative results for the last seven quarters. The company's high Debt to EBITDA ratio of 3.21 times indicates a low ability to service debt, which may weigh on investor sentiment.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has shown a modest gain of 0.16% over the past week. While Birla Cable has outperformed the benchmark in the short term, its longer-term performance remains concerning, especially given the significant underperformance relative to the BSE500 index, which has seen a decline of only 2.34% over the past year. The stock's current valuation appears attractive compared to its peers, but ongoing financial struggles and declining profitability may continue to impact investor confidence and stock price movements.