Why is Bombay Dyeing falling/rising?

As of 02-Jul, Bombay Dyeing & Manufacturing Company Ltd's stock price is currently at 168.45, reflecting a slight increase of 0.15 (0.09%). The stock has been on a positive trajectory, gaining for the last nine days and achieving a total return of 15.5% during this period. However, it has underperformed its sector by 0.28% today. In terms of returns, the stock has shown a strong performance over the past week and month, with increases of 8.33% and 11.56%, respectively. Despite these short-term gains, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio and low profitability per unit of shareholders' funds. Additionally, the stock's negative EBITDA and high debt-equity ratio raise concerns about its financial stability.
Broader market context shows that while the stock has performed well in the short term, it has significantly underperformed the broader market over the past year, with a decline of 22.19% compared to the Sensex's 5% increase. This stark contrast highlights the stock's volatility and the market's cautious sentiment towards it, especially given that domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its valuation or business prospects. Overall, while the recent price movement reflects positive short-term trends, the underlying financial issues and broader market performance indicate a complex situation for Bombay Dyeing.