Why is 3B Blackbio falling/rising?

As of 15-Jul, 3B Blackbio DX Ltd's stock price is rising, currently at 1,610.00, reflecting an increase of 20.0 or 1.26%. The stock has shown a consecutive gain over the last two days, with a total return of 7.33% during this period. Although it underperformed its sector by 1.1% today, it is trading above its 5-day and 20-day moving averages, indicating some positive momentum. The company has demonstrated healthy long-term growth, with an operating profit growth rate of 41.02% annually, and it has consistently outperformed the BSE500 over the last three years, generating a return of 49.98% in the past year. However, the stock's valuation appears expensive, with a Price to Book Value of 5.1, and domestic mutual funds hold no stake, which may indicate a lack of confidence at current price levels.
In the broader market context, the stock's short-term performance of +0.69% over the past week contrasts with the Sensex, which has declined by 1.36% during the same period. This suggests that 3B Blackbio is performing relatively well compared to the overall market. Despite the positive short-term returns, the stock's year-to-date performance shows a decline of 18.63%, while the Sensex has increased by 5.67%. This divergence highlights the challenges the company faces, including flat results in its latest quarterly report, which may temper investor enthusiasm despite recent gains.