Why is Bombay Burmah falling/rising?

As of 04-Jul, Bombay Burmah Trading Corporation Ltd is currently priced at 1,995.10, reflecting an increase of 19.1 (0.97%). The stock has shown a positive trend today, outperforming its sector by 0.39% and reversing a two-day decline. However, despite this short-term gain, the stock has underperformed over the past month with a return of -0.50%, while the benchmark Sensex has risen by 3.01%. The company has a low Debt to Equity ratio, which is a positive aspect, but it also faces challenges such as poor long-term growth, with net sales increasing at an annual rate of only 9.00% over the last five years. Additionally, the recent flat results and a decrease in PAT by -7.3% compared to the previous quarter average may contribute to investor caution.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 6.77% year-to-date while Bombay Burmah has declined by 5.83%. This disparity highlights the stock's struggles relative to the overall market. Furthermore, the falling investor participation, evidenced by a significant drop in delivery volume, may indicate a lack of confidence among investors. Despite the stock trading at a discount compared to its peers, the low stake held by domestic mutual funds suggests that institutional investors may not be comfortable with the current valuation, which could further impact the stock's performance moving forward.