Why is Birla Cable falling/rising?

As of 18-Sep, Birla Cable Ltd's stock price is currently at 173.00, reflecting a slight increase of 0.05 (0.03%). The stock has been gaining momentum, with a consecutive gain over the last two days and a total return of 2.98% during this period. In the past week, the stock has outperformed the benchmark Sensex, showing a return of +6.79% compared to the Sensex's +1.80%. Additionally, the company has recently reported positive financial results after a series of negative quarters, with significant growth in profit before tax and profit after tax, indicating improved operational performance. However, the stock still faces challenges, including a long-term decline in profitability and a high debt-to-EBITDA ratio, which may raise concerns among investors.
In the broader market context, Birla Cable's short-term performance has been notably stronger than the benchmark, suggesting a positive sentiment among investors despite its long-term struggles. The stock's recent gains may be attributed to rising investor participation, as evidenced by a significant increase in delivery volume. However, the company's weak long-term fundamentals, including a substantial decline in operating profits over the past five years and low domestic mutual fund interest, could temper enthusiasm moving forward. Overall, while the stock is experiencing a short-term rise, its long-term outlook remains uncertain due to underlying financial challenges.