Why is Abhinav Capital falling/rising?

As of 13-Aug, Abhinav Capital Services Ltd is experiencing a price increase, currently at Rs 138.70, reflecting a rise of 6.0 or 4.52%. The stock has shown erratic trading patterns, having not traded on 3 out of the last 20 days, and today it outperformed its sector by 3.61%. Despite this positive movement, the stock's performance over the past month has been poor, with a decline of 12.22%. Additionally, while the stock has shown strong returns over a three-year period (+61.00%), it has underperformed in the last year with a drop of 22.08%. The recent increase in promoter confidence, with a 0.69% increase in their stake, suggests a belief in the company's future potential, although the company faces challenges such as weak long-term fundamentals and a significant decline in profits.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, as it rose by 4.52% today while the Sensex showed a slight decline of 0.01% over the past week. However, the stock's year-to-date performance is concerning, with a decline of 5.65% compared to the Sensex's gain of 3.07%. This indicates that while there may be short-term optimism reflected in the current price movement, the overall long-term outlook remains weak, particularly given the significant drop in net sales and profitability over the past year.