Why is Bluechip Tex Ind falling/rising?

As of 09-Sep, Bluechip Tex Industries Ltd is experiencing a price increase, currently at Rs 144.00, reflecting a rise of Rs 2.95 or 2.09%. Today's price movement shows that the stock opened with a significant gain of 5.64%, reaching an intraday high of Rs 149, although it also touched a low of Rs 136.05 during the day. The stock has outperformed its sector by 2.07% today, and there has been a notable increase in delivery volume, rising by 39.47% compared to the 5-day average. However, the company faces challenges, including operating losses and a weak ability to service its debt, with a poor EBIT to Interest ratio of 1.51. The stock has consistently underperformed against benchmarks over the past year, with a return of -11.11% and a significant decline in profits.
In the broader market context, the stock's short-term performance of +2.53% over the past week outpaces the Sensex, which has gained +1.18% in the same period. Despite this positive short-term movement, Bluechip Tex Industries Ltd has struggled over longer time frames, with a year-to-date return of -23.69% compared to the Sensex's +3.79%. This underperformance, coupled with the company's weak fundamentals and negative operating profits, suggests that while there may be short-term gains, the long-term outlook remains concerning.