Why is Arunjyoti Bio falling/rising?

As of 26-Jun, Arunjyoti Bio Ventures Ltd is experiencing a price increase, currently at 6.81, reflecting a change of 0.32 or 4.93% upward. The stock has shown strong performance recently, gaining 27.05% over the past week, although it has declined by 7.22% over the last month. Despite this recent uptick, the stock has a concerning long-term outlook, with a significant drop of 66.25% year-to-date and a negative return of 11.80% over the past year. Additionally, the promoter holding has decreased to 47.64%, which may raise concerns among investors. The stock's fundamentals are weak, evidenced by a low return on equity of 6.58% and negative profit growth, which could undermine confidence despite the recent price rise.
In the broader market context, the stock has outperformed the sector by 3.6% today, but it still lags behind the benchmark Sensex, which has gained 2.94% in the past week. The stock's liquidity appears adequate for trading, but there has been a notable decline in investor participation, with delivery volume dropping by 95.91% compared to the five-day average. This decline in participation, combined with the stock's expensive valuation relative to its peers and the negative financial results reported, suggests that while there may be short-term gains, the long-term outlook remains precarious, contributing to a mixed sentiment among investors.