Why is Bombay Dyeing falling/rising?

As of 17-Jul, Bombay Dyeing & Manufacturing Company Ltd's stock is currently priced at Rs 170.90, reflecting an increase of Rs 3.8 or 2.27%. The stock has shown a strong performance today, outperforming its sector by 2.35% and reaching an intraday high of Rs 174.05, which is a 4.16% increase. Over the past week, the stock has gained 4.94%, and in the last month, it has risen by 12.84%. However, despite these short-term gains, 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. Additionally, the company has reported a substantial decline in PAT and net sales, which raises concerns about its long-term fundamental strength.
Broader market context shows that while Bombay Dyeing has outperformed the sector recently, it has significantly underperformed the broader market over the past year, with a return of -22.93% compared to the Sensex's 1.91%. This underperformance is compounded by the fact that domestic mutual funds hold only a minimal stake in the company, suggesting a lack of confidence in its future prospects. Despite the recent uptick in stock price, the overall sentiment remains cautious due to the company's weak profitability and high debt levels, which could impact its future performance.