Why is Bajel Projects falling/rising?

As of 03-Jul, Bajel Projects Ltd is experiencing a price increase, currently at 245.55, reflecting a rise of 11.65 or 4.98%. Today's price summary indicates that the stock has outperformed its sector by 3.8% and has gained after three consecutive days of decline. Although it opened with a loss of 2.52%, it reached an intraday high of Rs 245.55. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there is a notable decline in investor participation, with delivery volume falling by 60.79% compared to the 5-day average. The company has a low Debt to Equity ratio and has shown healthy long-term growth, with net sales increasing at an annual rate of 97.90% and operating profit at 72.86%. Despite these positives, the company suffers from poor management efficiency, indicated by a low Return on Equity (ROE) of 2.38%, and has consistently underperformed against benchmarks over the last three years.
In the broader market context, Bajel Projects has shown a short-term return of +4.47% over the past week, while the Sensex has declined by 0.62%. Over the past month, the stock has risen by 14.00%, significantly outperforming the Sensex's increase of 3.10%. However, the stock's year-to-date performance remains negative at -10.32%, contrasting with the Sensex's positive return of 6.53%. This underperformance over a longer horizon, coupled with a high Price to Book Value ratio of 4.9 and a PEG ratio of 6.4, suggests that while the stock may be experiencing a short-term rebound, its long-term outlook remains uncertain due to profitability concerns and management efficiency issues.