Why is Bombay Dyeing falling/rising?

As of 11-Aug, Bombay Dyeing & Manufacturing Company Ltd's stock price is currently at Rs 163.30, reflecting an increase of Rs 3.8 or 2.38%. The stock has shown a trend reversal by gaining after four consecutive days of decline, and it reached an intraday high of Rs 163.9. Despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date return of -13.51% and a one-year return of -24.95%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, which is reflected in a poor EBIT to Interest ratio of -0.65. Additionally, the stock is considered risky due to negative EBITDA and a low return on equity of 0.30%, indicating low profitability.
In the broader market context, while the Sensex has shown a slight decline of -0.51% over the past week, Bombay Dyeing's stock has dropped by 5.00% during the same period, indicating a more pronounced weakness compared to the benchmark. The stock's recent rise may be attributed to increased investor participation, as evidenced by a 23.22% rise in delivery volume. However, the overall sentiment remains cautious due to falling participation from institutional investors, who have reduced their stake in the company. This suggests that while there may be short-term gains, the long-term outlook remains challenging, as the stock has significantly underperformed the market over the past year.