Why is Bombay Dyeing falling/rising?

As of 15-Jul, Bombay Dyeing & Manufacturing Company Ltd's stock price is rising, currently at Rs 168.85, reflecting an increase of Rs 11.35 or 7.21%. Today's performance indicates a trend reversal as the stock has gained after four consecutive days of decline, outperforming its sector by 6.47%. The stock has shown a 10.47% increase over the past month, contrasting with a 21.47% decline over the past year. However, despite this recent uptick, the company faces significant challenges, including operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -0.65. Furthermore, the stock's low Return on Equity of 0.30% suggests limited profitability, and the recent financial results have shown a substantial drop in profit after tax.
In the broader market context, the stock's short-term return of 10.47% over the past month significantly outperforms the Sensex, which has only gained 1.79% in the same period. However, the stock has underperformed the market over the past year, with a return of -21.47% compared to the Sensex's 2.36%. The falling investor participation, as evidenced by a decrease in delivery volume, and the low stake held by domestic mutual funds, which is only 0.28%, indicate a lack of confidence in the company's long-term prospects. Overall, while the recent price increase may reflect a short-term recovery, the underlying financial weaknesses and market sentiment suggest caution moving forward.