Why is Bloom Industries falling/rising?

As of 27-Jun, Bloom Industries Ltd is experiencing a price increase, with the current price at Rs 37.87, reflecting a rise of 1.6 or 4.41%. Today's price summary indicates that the stock opened lower, down by 3.47%, but managed to reach an intraday high of Rs 38.06, showcasing a strong recovery. The stock has outperformed its sector by 4.61% today, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date decline of 4.94%, the stock has shown impressive returns over the past year, generating a 55.84% increase, although its profits have decreased by 8%. The stock is also trading at a discount compared to its peers, indicating potential for growth.
In the broader market context, Bloom Industries has outperformed the Sensex over the past week and month, with returns of 3.44% and 11.25%, respectively, compared to the benchmark's 2.00% and 3.07%. This strong performance in both the short and long term suggests that investor sentiment remains positive despite some underlying weaknesses, such as a low Return on Capital Employed (ROCE) and a poor EBIT to Interest ratio. The recent increase in delivery volume by 33.14% against the 5-day average indicates rising investor participation, which may be contributing to the stock's upward movement. Overall, while the stock has shown resilience and strong performance metrics, concerns regarding its long-term fundamentals and profit declines remain pertinent.