Why is Bajel Projects falling/rising?

As of 04-Jul, Bajel Projects Ltd is experiencing a price increase, currently at 248.30, which reflects a rise of 2.75 or 1.12%. The stock has shown strong performance today, having outperformed its sector by 0.38% and gaining 6.16% over the last two days. It opened with a significant gain of 3.85% and reached an intraday high of Rs 255. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive factors contributing to this rise include a low Debt to Equity ratio, impressive long-term growth in net sales and operating profit, and increased investor participation, as evidenced by a 195.44% rise in delivery volume compared to the 5-day average. However, the company also faces challenges, such as low management efficiency indicated by a Return on Equity (ROE) of 2.38% and a high Price to Book Value ratio of 4.9, which may temper investor enthusiasm.
In the broader market context, Bajel Projects has outperformed the Sensex in the short term, with a 1-week return of +0.71% compared to the Sensex's -0.74%. Despite this recent uptick, the stock has underperformed over the longer term, with a year-to-date return of -9.31% against the Sensex's +6.77%. This consistent underperformance over the past year and the last three years may lead to skepticism among investors, despite the current positive momentum. Overall, while the stock is rising in the short term, its long-term performance and management efficiency issues could influence future price movements.