Why is BSL falling/rising?

As of 01-Jul, BSL Ltd is experiencing a price increase, currently at Rs 147.55, which reflects a rise of 7.0 or 4.98%. The stock has shown a strong performance today, outperforming its sector by 5.62% and has been on a gaining streak for the last three days, accumulating a total return of 12.38% in that period. However, despite this recent uptick, the stock has had a challenging year, with a year-to-date return of -45.93% and a one-year return of -26.83%. The company's valuation appears attractive with a return on capital employed (ROCE) of 8.5 and a low enterprise value to capital employed ratio, but it also faces significant challenges, including a high debt burden and weak long-term growth prospects, as evidenced by a decline in profits of -27.3% over the past year.
In the broader market context, BSL's short-term performance has significantly outpaced the benchmark, with a weekly return of +14.60% compared to the Sensex's +2.00%. This indicates that while the stock is currently gaining traction, it has struggled in the longer term, underperforming the benchmark over various periods, including a -26.83% return over the past year. The stock's recent gains may be attributed to short-term trading dynamics rather than a fundamental turnaround, as indicated by the erratic trading patterns and a drastic fall in delivery volume, suggesting a lack of sustained investor confidence.