Why is Bombay Burmah falling/rising?

As of 15-Jul, Bombay Burmah Trading Corporation Ltd's stock price is rising, currently at 2,001.50, reflecting an increase of 65.95 or 3.41%. Today's performance indicates that the stock has outperformed its sector by 2.77% and has experienced a trend reversal after two consecutive days of decline. The stock reached an intraday high of Rs 2019.15, marking a 4.32% increase. However, despite this positive movement, the stock has shown a year-to-date decline of 5.53% and a significant drop of 12.78% over the past year, indicating a poor long-term growth trajectory. The company's low debt-to-equity ratio is a positive factor, but the flat results in recent quarters, including a 7.3% decline in PAT, and a high valuation relative to its peers may be contributing to investor caution.
Broader Market Context: In the short term, the stock's return of 2.08% over the past week contrasts sharply with the Sensex, which has declined by 1.36% during the same period. This suggests that while the stock is experiencing a temporary rise, it has significantly underperformed the broader market over the last year, where the BSE500 has generated a modest return of 0.37%. The low participation from domestic mutual funds, holding only 1.43% of the company, may indicate a lack of confidence in the stock's current valuation or business prospects, further complicating its market position.