Why is Arunjyoti Bio falling/rising?

As of 27-Jun, Arunjyoti Bio Ventures Ltd is experiencing a price increase, currently at 6.90, reflecting a rise of 0.09 or 1.32%. The stock has shown strong performance in the short term, gaining 28.73% over the last six days and outperforming its sector by 1.23%. However, it has had a mixed performance overall, with a 1-week return of +22.78% but a 1-month decline of -6.38%. Additionally, the stock has seen a significant drop in promoter holding to 47.64%, which could indicate reduced confidence among major stakeholders. Despite the recent gains, the long-term fundamentals remain weak, with a low return on equity of 6.58% and negative profit growth, which may contribute to investor caution.
In the broader market context, while Arunjyoti Bio has outperformed its sector recently, it has significantly lagged behind the benchmark, with a 1-year return of -14.84% compared to the Sensex's +6.08%. This underperformance highlights the challenges the company faces in maintaining investor interest despite recent short-term gains. The stock's liquidity appears adequate for trading, but the falling delivery volume suggests a decline in investor participation, which could impact future price movements. Overall, while the stock is currently rising, its long-term outlook remains concerning due to weak fundamentals and reduced promoter confidence.