Why is B.L.Kashyap falling/rising?

As of 30-Jul, B.L.Kashyap & Sons Ltd is experiencing a price increase, currently at 75.09, reflecting a change of 2.99 or 4.15% upward. The stock has shown positive momentum, outperforming its sector by 4.94% today and has gained consecutively over the last two days, with a total return of 5.32% during this period. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this recent uptick, the stock has faced significant challenges, including a substantial year-on-year decline of 31.10% and a concerning drop in profits by 80%. Additionally, the high percentage of pledged promoter shares (99.39%) raises concerns about long-term stability, particularly in a falling market.
In the broader market context, B.L.Kashyap's short-term performance has been notably strong, with a 6.53% gain over the past week, contrasting sharply with the Sensex, which has declined by 1.50% during the same period. This divergence highlights the stock's recent resilience despite its longer-term struggles, as it has underperformed the market over the past year. The company's weak long-term fundamentals, including a low return on capital employed and high debt levels, continue to pose risks that could affect its future performance. Overall, while the stock is currently rising, underlying issues may limit its sustainability.