Why is Bloom Industries falling/rising?

As of 30-Jun, Bloom Industries Ltd is experiencing a price increase, currently at Rs 40.05, which reflects a rise of Rs 2.18 or 5.76%. The stock has shown strong performance today, outperforming its sector by 6.83%, and has gained consecutively over the last two days with a total return of 10.42% during this period. Additionally, the stock has demonstrated impressive returns over various time frames, including a 60.97% increase over the past year and a 123.87% rise over the last three years. However, it is important to note that while the stock is trading at a discount compared to its peers, its profits have declined by 8% over the past year, indicating some underlying weaknesses.
In the broader market context, Bloom Industries has significantly outperformed the Sensex, which has only increased by 2.09% over the past week and 2.65% over the past month, while Bloom's returns for the same periods are 14.43% and 10.51%, respectively. This strong short-term performance suggests that investor sentiment remains positive despite the company's weak long-term fundamentals, such as a low Return on Capital Employed (ROCE) of 4.13% and a poor EBIT to Interest ratio. The stock's high volatility today, with an intraday fluctuation of 6.64%, alongside falling investor participation, indicates that while the stock is currently rising, there are concerns about its sustainability in the long term.