Why is Arunjyoti Bio falling/rising?

As of 18-Jul, Arunjyoti Bio Ventures Ltd is experiencing a price increase, currently at 6.13, with a change of 0.12, representing a 2.0% rise. The stock has shown a strong performance in the short term, outperforming its sector by 2.29% today and achieving a consecutive gain over the last three days, resulting in a total return of 5.87% during this period. However, the stock's long-term performance remains concerning, with a year-to-date decline of 69.62% and a one-year return of -8.58%. Additionally, the promoter holding has decreased to 47.64%, which may negatively impact investor confidence. The company has reported weak financials, including a negative PAT and declining sales, contributing to its classification as a strong sell.
In the broader market context, the stock has outperformed the Sensex in the short term, with a one-week return of +4.07% compared to the benchmark's -0.90%. Despite this recent uptick, the overall market sentiment appears to be cautious due to the company's weak long-term fundamentals, as indicated by an average Return on Equity (ROE) of 6.58% and a high Price to Book Value ratio of 3.5. The significant drop in delivery volume, which fell by 93.33% against the 5-day average, suggests a lack of investor participation, further complicating the stock's outlook amidst its recent gains.