Why is Bloom Industries falling/rising?

As of 25-Jun, Bloom Industries Ltd is experiencing a significant rise in its stock price, currently at Rs 38.88, reflecting an increase of Rs 3.68 or 10.45%. The stock has outperformed its sector by 9.68% today and has shown consecutive gains over the last two days, accumulating a total return of 11.09% in that period. Additionally, the stock has demonstrated strong performance over the past year with a return of 56.65%, although it is important to note that its profits have declined by 8%. The stock is trading at a discount compared to its peers' average historical valuations, which may attract investors despite its weak long-term fundamental strength indicated by a low Return on Capital Employed (ROCE) of 7.3.
In the broader market context, Bloom Industries has outperformed the Sensex in both the short-term and long-term, with a 1-week return of 5.08% compared to the Sensex's 1.61%. This trend of outperformance is evident over multiple periods, including a 3-year return of 114.33% against the Sensex's 56.95%. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting rising investor participation. However, the company's ability to service its debt remains a concern, as indicated by a poor EBIT to Interest ratio, which could impact future performance despite the current positive momentum.