Why is 3B Blackbio falling/rising?

As of 14-Jul, 3B Blackbio DX Ltd's stock price is rising, currently at 1,590.00, reflecting an increase of 90.0 or 6.0%. Today's price summary indicates that the stock has reversed its trend after two consecutive days of decline, opening down by 2.6% but reaching an intraday high of Rs 1590.15. Despite a recent drop in delivery volume, the stock has shown strong long-term growth, with a 43.63% return over the past year and a remarkable 401.50% increase over the last three years. However, the company faces challenges, including flat results in March 2025 and a high valuation compared to peers, which may affect investor sentiment.
In the broader market context, the stock's short-term performance has slightly underperformed the benchmark Sensex, with a 1-week return of -1.46% compared to the Sensex's -1.42%. While the stock has outperformed its sector today by 5.8%, its year-to-date performance shows a significant decline of 19.64% against the Sensex's gain of 5.27%. The lack of domestic mutual fund investment may indicate caution among institutional investors, which could influence the stock's future movements.