Why is Bombay Dyeing falling/rising?

As of 01-Jul, Bombay Dyeing & Manufacturing Company Ltd's stock price is currently at Rs 168.30, reflecting an increase of Rs 1.1 or 0.66%. The stock has been on an upward trend, gaining for the last eight days and achieving a total return of 15.39% during this period. It has also outperformed the benchmark Sensex over the past week, with a return of 13.52% compared to the Sensex's 2.00%. However, despite this recent positive movement, the company faces significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -0.65. Additionally, the company's return on equity is low at 0.30%, and it has reported a substantial decline in profit after tax, falling by 48.7% compared to the previous four-quarter average.
Broader market context shows that while Bombay Dyeing has performed well in the short term, it has significantly underperformed the market over the past year, with a return of -21.54% compared to the BSE500's 3.20%. This underperformance may contribute to the cautious stance of domestic mutual funds, which hold only a minimal stake in the company at 0.28%. The stock's recent gains could be attributed to rising investor participation, as evidenced by an 88.75% increase in delivery volume, but the overall weak long-term fundamentals and negative EBITDA position the stock as risky in the eyes of investors.