Why is BNR Udyog falling/rising?

As of 04-Jul, BNR Udyog Ltd's stock price is rising, currently at Rs 76.65, reflecting a significant increase of 12.77 (19.99%). The stock has shown strong performance today, outperforming its sector by 19.49% and has gained consecutively for the last two days, accumulating a total return of 43.97% during this period. It opened with a notable gain of 19.99% and reached an intraday high of Rs 76.65. Additionally, BNR Udyog is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. Despite the positive short-term performance, the company faces challenges such as operating losses and a weak ability to service its debt, which could impact long-term investor sentiment.
In the broader market context, BNR Udyog's short-term return of +33.42% over the past week contrasts sharply with the Sensex, which has declined by 0.74% during the same period. While the stock has consistently outperformed the BSE500 over the last three years, it has also reported a negative EBITDA and a significant drop in profits over the past year, which raises concerns about its long-term viability. Despite these risks, the recent surge in stock price can be attributed to rising investor participation and liquidity, suggesting a temporary bullish sentiment among traders.