Why is B.L.Kashyap falling/rising?

As of 25-Jul, B.L.Kashyap & Sons Ltd is experiencing a price increase, currently at 71.51, reflecting a change of 0.92 or 1.3% upward. The stock has shown positive performance recently, outperforming its sector by 2.19% today and has gained consecutively over the last two days, with a total return of 1.45% during this period. However, despite these short-term gains, the stock has underperformed over the past year, with a significant decline of 30.75%. The company has a return on capital employed (ROCE) of 6.6, which indicates an attractive valuation compared to its peers, but it also faces challenges such as an 80% drop in profits over the past year and a high debt to EBITDA ratio of 3.90 times, which raises concerns about its long-term financial health.
In the broader market context, B.L.Kashyap's recent short-term return of 4.35% over the past week contrasts sharply with the Sensex, which has declined by 0.36% during the same period. This indicates that the stock is gaining traction despite a generally unfavorable market environment. However, the stock's long-term performance remains concerning, as it has significantly underperformed the market over the past year, where the BSE500 index recorded a much smaller decline of only 0.19%. The high percentage of pledged promoter shares (99.41%) adds to the risk, especially in a falling market, potentially exerting additional downward pressure on the stock price.