Why is Birla Cable falling/rising?

As of 29-Aug, Birla Cable Ltd's stock price is currently at 157.25, reflecting an increase of 0.7, or 0.45%. Despite this slight uptick today, the stock has shown a negative trend over the past week and month, with returns of -2.33% and -7.91%, respectively. The stock is trading below all its moving averages, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 37.1% against the 5-day average. The company recently reported positive financial results after a series of negative quarters, showcasing significant growth in profit before tax and profit after tax, which may have contributed to today's price increase. Nevertheless, the stock has underperformed significantly over the past year, with a return of -41.90%, alongside a decline in profits of -42.3%.
In the broader market context, Birla Cable's performance has lagged behind the benchmark Sensex, which has shown a slight increase of 2.14% year-to-date. The stock's long-term fundamentals are concerning, with a high debt-to-EBITDA ratio and a low return on equity, suggesting challenges in profitability and debt servicing. This weak long-term outlook, combined with underperformance against the BSE500, indicates that while there may be short-term gains, the overall sentiment remains cautious due to the company's historical performance and financial health.