Why is Bombay Dyeing falling/rising?

As of 29-Jul, Bombay Dyeing & Manufacturing Company Ltd's stock price is currently at Rs 177.00, reflecting an increase of Rs 4.5 or 2.61%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 1.56%. Over the past week, the stock has risen by 7.18%, while the benchmark Sensex has fallen by 1.03%. However, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio of -0.65 and a low Return on Equity of 0.30%. Additionally, the stock's performance over the past year has been disappointing, with a return of -22.61%, significantly underperforming the market.
In the broader market context, while the stock has shown a positive short-term return, it has underperformed the market over the last year, where the BSE500 index recorded a decline of only -2.26%. The recent increase in stock price may be attributed to short-term trading dynamics rather than a fundamental recovery, as institutional investor participation has decreased, indicating a lack of confidence in the company's long-term prospects. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume suggests waning interest among investors. Overall, while the stock is experiencing a temporary rise, the underlying financial challenges and declining institutional interest may limit its potential for sustained growth.