Why is BirlaNu Ltd falling/rising?

As of 24-Sep, BirlaNu Ltd's stock price is currently at 1,991.00, reflecting an increase of 14.9 (0.75%). The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 16.38% today, although it remains below the 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has increased by 1.08%, while it has risen by 4.51% over the past month. However, the company has faced significant challenges, including a poor long-term growth rate with operating profits declining at an annual rate of -196.44% over the last five years and negative results for the last 15 consecutive quarters. Despite a slight increase in institutional investor participation, the stock's overall performance has been weak, with a return of -32.69% over the past year.
In the broader market context, BirlaNu Ltd's recent performance contrasts with the Sensex, which has declined by 1.18% over the past week. While the stock has shown some short-term resilience, it has consistently underperformed against the benchmark over the last three years, with a significant drop in profits and negative operating results. The construction material sector has also faced a downturn, falling by 15.5%, which may contribute to the stock's volatility. Overall, despite today's positive movement, the underlying financial issues and sector challenges suggest a cautious outlook for BirlaNu Ltd.