Why is Bombay Dyeing falling/rising?

As of 25-Aug, Bombay Dyeing & Manufacturing Company Ltd's stock price is currently at Rs 181.05, reflecting an increase of Rs 4.5, or 2.55%. The stock has been performing well recently, with a consecutive gain over the last three days, resulting in a total return of 7.58% during this period. Additionally, it has outperformed its sector by 2.14%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, despite these short-term gains, the company faces significant challenges, including operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of -1.03. Furthermore, institutional investors have reduced their stakes, which may signal a lack of confidence in the company's long-term fundamentals.
In the broader market context, Bombay Dyeing's recent performance contrasts sharply with the benchmark, as it has achieved a 7.83% return over the past week compared to the Sensex's modest 0.45% increase. However, the stock has underperformed over the longer term, with a year-to-date decline of 4.10% against the Sensex's gain of 4.48%. This disparity highlights the stock's volatility and the challenges it faces, particularly given its negative returns over the past year of -17.93%, which is significantly worse than the broader market's decline of -2.11%. The combination of short-term gains and long-term struggles creates a complex picture for investors considering the stock's future trajectory.