Why is Bombay Dyeing falling/rising?

As of 13-Aug, Bombay Dyeing & Manufacturing Company Ltd's stock price is rising, currently at Rs 169.50, reflecting an increase of Rs 5.05 or 3.07%. The stock has been gaining for the last three days, with a total return of 6.27% during this period. It opened with a gain of 2.13% today and reached an intraday high of Rs 170.45. However, despite this recent uptick, the company faces significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -1.03. Additionally, the company has seen a decline in profitability, with a Return on Equity of only 0.30%. Institutional investor participation has also decreased, which may contribute to the stock's volatility.
In the broader market context, Bombay Dyeing has outperformed the Sensex in the short term, with a 1-week return of +2.14% compared to the benchmark's -0.01%. However, the stock has underperformed over the longer term, with a year-to-date return of -10.22% against the Sensex's +3.07%. This disparity highlights the stock's struggles despite recent gains, as it has generated a return of -20.33% over the past year, significantly worse than the market's performance. The overall market sentiment appears to be cautious, especially given the company's weak fundamentals and falling participation from institutional investors.