Why is Bombay Burmah falling/rising?

As of 30-Jun, Bombay Burmah Trading Corporation Ltd is experiencing a price increase, currently at 2,002.45, reflecting a rise of 16.05 or 0.81%. The stock has shown a positive performance today, outperforming its sector by 0.76% and achieving a consecutive gain over the last two days with a total return of 4.19%. In the past week, the stock has risen by 6.11%, although it has seen a decline of 0.50% over the past month. Despite the recent gains, the company faces challenges such as a low debt-to-equity ratio of 0.07 and poor long-term growth, with net sales increasing at an annual rate of only 9.00% over the last five years. Additionally, the company's cash and cash equivalents are at their lowest, and the profit after tax has decreased by 7.3% compared to the previous four-quarter average, indicating potential underlying issues.
Broader market context shows that while Bombay Burmah has outperformed the sector recently, it has underperformed against the benchmark Sensex over longer periods, with a year-to-date decline of 5.48% compared to the Sensex's gain of 7.00%. The stock is trading below its 200-day moving average, which may indicate a lack of long-term investor confidence, as evidenced by the low participation from domestic mutual funds, holding only 1.43% of the company. This could suggest that institutional investors are hesitant about the stock's valuation, despite its recent short-term gains. Overall, while the stock is currently rising, the broader context reveals significant concerns regarding its long-term growth potential and market perception.