Why is B.L.Kashyap falling/rising?

As of 14-Jul, B.L.Kashyap & Sons Ltd is currently priced at 68.30, reflecting an increase of 0.8 or 1.19%. The stock's performance today is in line with the sector, and it is trading higher than its 20-day, 50-day, and 100-day moving averages, although it is lower than the 5-day and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 8.47% against the 5-day average. Despite this positive movement, the stock has underperformed significantly over the past year, generating a return of -30.64% compared to the Sensex's gain of 2.15%. The company's weak fundamentals, including a high Debt to EBITDA ratio and a substantial drop in profits, contribute to the stock's volatility and overall negative sentiment.
In the broader market context, the stock's short-term return of +0.03% over the past week contrasts sharply with the Sensex, which has declined by -1.42%. This indicates that while B.L.Kashyap is experiencing a slight uptick, it remains vulnerable due to its poor long-term growth prospects and high promoter share pledges, which can exert downward pressure in a falling market. The overall market has shown resilience with a year-to-date return of +5.27%, further highlighting the stock's struggles in comparison to the broader market performance.