Why is Bluechip Tex Ind falling/rising?

As of 17-Sep, Bluechip Tex Industries Ltd is experiencing a price increase, currently at Rs 146.60, reflecting a rise of Rs 5.3 or 3.75%. The stock has shown a positive trend today, outperforming its sector by 2.74% and reversing a two-day decline. It reached an intraday high of Rs 147.45, indicating some upward momentum. However, despite this short-term gain, the stock has underperformed significantly over the longer term, with a year-to-date decline of 22.31% and a one-year return of -19.87%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, which may contribute to investor caution despite the recent uptick in trading volume.
In the broader market context, Bluechip Tex's short-term performance has been slightly better than the benchmark, with a 1-week return of 1.81% compared to the Sensex's 1.56%. However, the stock's long-term underperformance is stark, as it has lagged behind the benchmark over the past three years, generating only 2.41% returns while the Sensex has gained 40.54%. The company's weak fundamentals, including a low return on equity and negative operating profits, suggest that while there may be short-term trading activity, the overall outlook remains risky and uncertain, which could limit sustained investor confidence.