Why is Annvrridhhi Ven falling/rising?

As of 16-Jul, Annvrridhhi Ventures Ltd is experiencing a price increase, currently at 12.08, with a change of 0.09, representing a rise of 0.75%. The stock has shown positive momentum recently, gaining for the last two days with a total return of 1.34%. Despite this short-term gain, the stock has underperformed over the past week, down 4.88%, and has a significant year-to-date decline of 48.92%. However, the company has reported positive results for the last three consecutive quarters, with net sales higher at Rs 35.71 crore and notable increases in profitability metrics, which may contribute to the recent uptick in price. Nonetheless, the stock's long-term fundamental strength is weak, as indicated by a low average return on equity of 1.46% and a high price-to-book value ratio of 5.7, suggesting that while there are positive short-term indicators, the overall valuation remains concerning.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has outperformed its sector by 0.98% today, while the Sensex has shown a decline of 1.08% over the past week. Despite the recent gains, the stock has significantly underperformed the market over the past year, with a staggering decline of 61.51% compared to the Sensex's modest gain of 2.38%. This disparity highlights the challenges faced by Annvrridhhi Ventures Ltd in maintaining investor confidence, especially given its long-term underperformance relative to the broader market.