Why is Bloom Industries falling/rising?

As of 04-Aug, Bloom Industries Ltd is experiencing a rise in its stock price, currently at Rs 42.40, reflecting an increase of Rs 2.07 or 5.13%. Today's price summary indicates that the stock opened lower, down by 5.78%, but managed to reach an intraday high of Rs 42.40, showcasing significant volatility with a wide trading range of Rs 4.4. Over the past week, the stock has outperformed the benchmark Sensex, gaining 6.59% compared to the index's modest increase of 0.16%. Despite a notable return of 60.30% over the past year, the company has faced challenges, including an 8% decline in profits and a weak long-term fundamental strength characterized by a low average Return on Capital Employed (ROCE) of 4.13%.
Broader Market Context: In the context of the broader market, Bloom Industries has shown strong performance relative to the Sensex, particularly in the short term, where it has outperformed the index significantly. While the metal sector has seen a decline of 2.03%, Bloom Industries has managed to maintain investor interest, although there has been a notable drop in delivery volume, indicating a potential decrease in investor participation. The stock's ability to trade above its moving averages suggests a positive technical outlook, but the underlying fundamentals, such as weak sales growth and debt servicing capabilities, may pose risks moving forward.