Why is Agarwal Fortune falling/rising?

As of 04-Jul, Agarwal Fortune India Ltd is experiencing a price increase, currently at 24.00, reflecting a change of 0.31 or 1.31% upward. The stock has shown a positive performance today, outperforming its sector by 1.18%. Despite erratic trading, with the stock not trading on one day out of the last 20, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a significant decline in investor participation, with delivery volume dropping by 98.29% against the 5-day average. While the stock has generated a negative return of -7.73% over the past year, it has shown strong long-term fundamental strength, with an average return on equity of 20.38% and healthy net sales growth of 52.60% annually. The company has also declared positive results for the last three consecutive quarters, which may contribute to the recent price movement.
In the broader market context, Agarwal Fortune's short-term return of +0.84% over the past week contrasts with the Sensex, which has declined by 0.74% in the same period. This indicates that the stock is performing well relative to the broader market. However, it is important to note that despite its recent gains, the stock has underperformed against the BSE500 over the last year and three years, which may raise concerns among investors. The stock's valuation appears expensive with a price-to-book value of 8.4, and while it is trading at a discount compared to its peers' historical valuations, the overall underperformance in the long term could affect investor sentiment moving forward.