Why is 3B Blackbio falling/rising?

As of 07-Jul, 3B Blackbio DX Ltd's stock price is rising, currently at 1,613.50 with an increase of 42.85 (2.73%). The stock has shown strong performance today, outperforming its sector by 3.73% and achieving consecutive gains over the last three days, resulting in a total return of 10.36% during this period. Additionally, the stock has generated a 32.01% return over the past year, significantly outperforming the BSE500 index in each of the last three annual periods. However, there are concerns regarding its recent financial performance, including a decline in profit before tax and operating profit margins, which may impact investor sentiment despite the company’s healthy long-term growth and low debt-to-equity ratio.
In the broader market context, the stock's short-term return of +10.67% over the past week contrasts sharply with the Sensex, which has seen a slight decline of -0.20%. This indicates that 3B Blackbio is performing well relative to the overall market. However, the stock's year-to-date performance remains negative at -18.45%, while the benchmark has gained 6.79% during the same period. The lack of domestic mutual fund investment, which stands at 0%, may suggest caution among institutional investors regarding the stock's valuation and business outlook, despite its recent gains.