Why is 3B Blackbio falling/rising?

As of 18-Jul, 3B Blackbio DX Ltd is experiencing a price increase, currently at 1,544.00, reflecting a rise of 13.25 (0.87%). The stock has shown a positive trend today, outperforming its sector by 1.07% after two consecutive days of decline. Additionally, the stock has demonstrated a 2.93% increase over the past week and a 2.87% increase over the past month, while it has generated a notable 43.79% return over the last year. Despite a low Debt to Equity ratio and healthy long-term growth with an annual operating profit increase of 41.02%, the company faces challenges, including flat results in March and a high Price to Book Value ratio, which may deter some investors.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.90% over the past week. While 3B Blackbio has outperformed the benchmark in the short term, the overall year-to-date performance shows a decline of 21.97% compared to the Sensex's gain of 4.63%. This divergence suggests that while the stock is currently gaining traction, it has struggled significantly in the longer term, which may be influencing investor sentiment and participation.