Why is Bloom Industries falling/rising?

As of 16-Jul, Bloom Industries Ltd is experiencing a price increase, currently at Rs 37.95, reflecting a rise of 1.95 (5.42%). The stock has been gaining momentum, with a consecutive gain over the last two days and an overall return of 8.43% during this period. Despite opening with a loss of 2.75% today, it reached an intraday high of Rs 37.95. The stock has outperformed its sector by 5.9% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it is important to note that while the stock has generated a substantial return of 40.56% over the past year, its profits have declined by 8%. The company has a fair valuation with a ROCE of 7.3, but its ability to service debt is weak, indicated by a poor EBIT to Interest ratio of 0.65.
In the broader market context, Bloom Industries has outperformed the Sensex in the short term, with a 1-week return of 5.45% compared to the benchmark's decline of 1.08%. While the stock has shown strong performance recently, it has underperformed year-to-date with a decline of 4.74% against the Sensex's gain of 5.75%. The stock's recent rise can be attributed to increased investor participation and liquidity, despite the underlying concerns regarding its long-term fundamental strength and declining profits. Overall, the stock's current upward movement appears to be driven by short-term trading dynamics rather than strong long-term fundamentals.