Why is Bloom Industries falling/rising?

As of 04-Jul, Bloom Industries Ltd is experiencing a price increase, currently at 38.20, reflecting a change of 0.2 or 0.53% upward. The stock has shown strong performance recently, outperforming its sector by 0.74% today. It is trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 5-day moving average. Over the past week, the stock has gained 0.87%, and over the last month, it has risen by 15.76%. Despite a year-to-date decline of 4.12%, the stock has generated an impressive return of 60.50% over the past year, outperforming the BSE500 index in the last three years, one year, and three months. However, it is important to note that the company's profits have fallen by 8% during this period, and it has a weak long-term fundamental strength indicated by a low average Return on Capital Employed (ROCE) of 4.13%.
In the broader market context, while Bloom Industries has shown a positive short-term return, the benchmark Sensex has declined by 0.74% over the past week. The stock's performance is notable as it has outperformed the benchmark significantly over the longer term, with a 60.50% return compared to the Sensex's 4.23% over the past year. Despite the positive short-term movements and rising investor participation, the stock's valuation remains a concern as it trades at a discount compared to its peers, and the company's ability to service its debt is weak. This combination of strong recent performance against a backdrop of declining profits and fundamental weaknesses may create mixed sentiments among investors.