Why is Bombay Oxygen falling/rising?

As of 12-Sep, Bombay Oxygen Investments Ltd is experiencing a price increase, currently at 25,920.00, reflecting a rise of 618.0 or 2.44%. The stock has shown a trend reversal, gaining after three consecutive days of decline. It outperformed its sector by 2.61% today and reached an intraday high of Rs 26,125.6, which is a 3.26% increase. Despite a negative return of -1.07% over the past week and a significant decline of -23.83% over the past year, the stock has performed positively over the last month with a return of +12.44%. However, the company has reported flat results in its latest financials, with net sales and profit after tax declining significantly, which raises concerns about its valuation despite a low debt-to-equity ratio.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 1.48% over the past week and 2.08% over the past month. While the stock has shown some recovery today, it has underperformed the market over the last year, where the BSE500 index returned -3.45%. The stock's premium valuation compared to its peers and the substantial drop in profits over the past year suggest that the recent price increase may not be sustainable in the long term, especially given the overall negative sentiment surrounding its financial performance.