Why is Bajel Projects falling/rising?

As of 15-Jul, Bajel Projects Ltd is experiencing a price increase, currently at Rs 250.50, reflecting a rise of Rs 6.95 or 2.85%. The stock has shown a positive trend today, outperforming its sector by 2.34% and marking a trend reversal after three consecutive days of decline. It reached an intraday high of Rs 255, which is a 4.7% increase. Over the past week, the stock has gained 3.99%, while its one-month performance shows a significant increase of 14.25%. However, it is important to note that the stock has a low Return on Equity (ROE) of 2.38%, indicating low profitability, and has underperformed against the benchmark over the last three years.
In the broader market context, while Bajel Projects has shown a positive short-term return, the benchmark Sensex has declined by 1.36% over the past week. The stock's performance contrasts with the Sensex's one-month return of 1.79%, highlighting its relative strength in the short term. Despite this, the company's long-term growth appears healthy with a significant increase in net sales and operating profit, but it faces challenges such as low management efficiency and a high Price to Book Value ratio. The falling investor participation, with a 47.1% drop in delivery volume, raises concerns about liquidity, which may impact future price movements.