Why is Baid Finserv falling/rising?

As of 16-Jul, Baid Finserv Ltd's stock price is currently at Rs 13.35, reflecting an increase of Rs 1.0 or 8.1%. The stock has been gaining momentum, having risen consecutively for the last two days with a total return of 17% during this period. It has outperformed its sector by 8.33% today and has traded at a wide range, reaching an intraday high of Rs 13.7. The stock is also trading above its moving averages for various periods, indicating positive short-term momentum. Additionally, the company has reported significant growth in net profit and positive results over the last two quarters, which contributes to a favorable perception among investors.
In the broader market context, Baid Finserv's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 1.08% over the past week while the stock has gained 10.70%. Despite its recent gains, the stock has underperformed in the long term, with a year-to-date decline of 12.46% compared to a 5.75% increase in the Sensex. This underperformance is compounded by weak long-term fundamentals, as indicated by a low average return on equity and modest growth in net sales. While the stock's recent price movement may be driven by positive quarterly results and increased investor participation, its long-term outlook remains challenged.