Why is Bluechip Tex Ind falling/rising?

As of 12-Aug, Bluechip Tex Industries Ltd is experiencing a price increase, currently at Rs 144.25, which reflects a rise of Rs 7.65 or 5.6%. Today's price summary indicates that the stock has outperformed its sector by 6.17% and has gained after eight consecutive days of decline, opening with a gain of 6.15% and reaching an intraday high of Rs 145. However, the stock is trading below its moving averages across various timeframes, and there has been a significant drop in investor participation, with delivery volume falling by 65.65% compared to the five-day average. The company is facing challenges, including operating losses and weak long-term fundamental strength, as evidenced by a poor EBIT to Interest ratio and low return on equity, which may contribute to the stock's volatility despite today's positive movement.
In the broader market context, the stock's performance over the past week shows a decline of 8.70%, while the benchmark Sensex has decreased by only 0.59%. Year-to-date, Bluechip Tex has underperformed significantly, with a decline of 23.56% compared to a 2.68% increase in the Sensex. This consistent underperformance against the benchmark over the last three years, coupled with negative operating profits and flat results in recent quarters, indicates a challenging environment for the stock, despite today's temporary rebound.