Why is B.L.Kashyap falling/rising?

As of 24-Jul, B.L.Kashyap & Sons Ltd is currently priced at 70.59, reflecting a slight increase of 0.1 (0.14%). The stock has shown a positive trend today, outperforming its sector by 1.32% and reversing a two-day decline. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite a 3.14% gain over the past week and a 7.13% increase over the past month, the stock has significantly underperformed over the longer term, with a year-to-date decline of 8.83% and a staggering 32.57% drop over the past year. The company's return on capital employed (ROCE) stands at 6.6, indicating an attractive valuation, but its profits have plummeted by 80% over the past year, contributing to a negative sentiment around the stock. Additionally, 99.41% of promoter shares are pledged, which can exert downward pressure in a falling market.
In the broader market context, while the BSE500 index has generated a return of 0.99% over the last year, B.L.Kashyap has notably lagged behind with its negative return of -32.57%. The stock's recent performance is somewhat isolated, as it has gained in the short term while the benchmark has remained relatively flat, with a 0.09% decline over the past week. However, the significant drop in investor participation, with a 67.84% decrease in delivery volume compared to the 5-day average, suggests a lack of confidence among investors. This combination of short-term gains against a backdrop of long-term underperformance and weak fundamentals indicates a complex situation for B.L.Kashyap, where recent price movements may not reflect the underlying challenges the company faces.