Why is Bang Overseas falling/rising?

As of 04-Jul, Bang Overseas Ltd's stock price is currently at 61.20, reflecting an increase of 0.9, or 1.49%. The stock has been gaining momentum recently, with a performance today that outperformed its sector by 9.2% and has seen consecutive gains over the last two days, totaling a rise of 5.5%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a year-to-date decline of 22.43%, the company has shown strong growth in net profit and net sales, with a notable increase in net profit of 276.09% and a 33.73% growth in net sales over the last six months. However, the stock faces challenges due to weak long-term fundamental strength, including a -205.45% CAGR growth in operating profits over the last five years and a negative EBITDA, which may contribute to its perceived risk.
In the broader market context, Bang Overseas Ltd's short-term performance has been relatively weak compared to the benchmark, with a 1-week return of -2.05% against the Sensex's -0.74%. While the stock has outperformed the sector today, its year-to-date performance remains significantly lower than the benchmark's 6.77% gain. The declining investor participation, indicated by a 72.33% drop in delivery volume compared to the 5-day average, suggests a lack of confidence among investors, which could further impact the stock's price movement. Overall, while the recent gains may reflect positive short-term sentiment, the underlying fundamental weaknesses and broader market conditions present challenges for sustained growth.