Why is Banaras Beads falling/rising?

As of 25-Jun, Banaras Beads Ltd is experiencing a price increase, currently at Rs 127.55, reflecting a rise of 1.35 (1.07%). The stock has shown strong performance today, outperforming its sector by 1.34% and has gained consecutively for the last two days, accumulating an 8.09% return during this period. It opened with a notable gain of 2.93% and reached an intraday high of Rs 129.9. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The rising investor participation, evidenced by a 129.92% increase in delivery volume compared to the 5-day average, further supports the stock's upward movement. Despite a fair valuation and a solid one-year return of 31.31%, the company has shown weak long-term fundamental strength, with a low average Return on Capital Employed (ROCE) of 4.32% and flat net sales results in the latest quarter.
In the broader market context, Banaras Beads has outperformed the benchmark Sensex in the short term, with a 1-week return of 6.29% compared to the Sensex's 1.61%. However, over the longer term, the stock's performance has been mixed, with a 1-month return of -0.58% against the Sensex's 1.27% gain. While the stock has generated significant returns over the past year and three years, its recent flat sales results and modest growth rates in net sales and operating profit may raise concerns among investors. Overall, the combination of strong short-term performance and rising investor interest appears to be driving the stock's current upward movement, despite underlying fundamental weaknesses.