Why is AastamangalamFin falling/rising?

As of 09-Jul, Aastamangalam Finance Ltd is currently priced at 38.70, reflecting a rise of 0.2 (0.52%). The stock has been gaining for the last two days, with a total return of 4.31% during this period. It is performing above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Despite a significant drop in delivery volume by 77.38% compared to the 5-day average, the company has reported positive results for the last six consecutive quarters, with net sales growing by 91.28% and a higher profit after tax of Rs 5.31 crore. The stock's attractive valuation, indicated by a price-to-book value of 1.4 and a PEG ratio of 0.4, suggests it is trading at a fair value relative to its peers, which may contribute to its recent upward movement.
In the broader market context, Aastamangalam Finance Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of 7.50% compared to the Sensex's 0.15%. However, the stock has a year-to-date return of -14.38%, contrasting with the Sensex's gain of 6.91%. This disparity indicates that while the stock is currently experiencing a positive trend, its long-term performance remains weak, as highlighted by an average return on equity of 6.65%. The combination of short-term gains and strong recent financial performance may be driving investor interest, despite concerns about long-term fundamental strength.