Why is Bhakti Gems falling/rising?

As of 09-Jun, Bhakti Gems & Jewellery Ltd is experiencing a price increase, currently at Rs 13.25, reflecting a rise of 1.55 (13.25%). The stock has shown strong performance recently, gaining 14.52% over the last two days and outperforming its sector by 13.91% today. However, it opened with a loss of 2.65% and has exhibited high volatility, trading within a wide range of Rs 2.61. Despite the recent gains, the stock has underperformed over the longer term, with a year-to-date decline of 9.80% and a one-year return of -21.64%. Positive quarterly results, including a 30.48% growth in net sales and attractive valuation metrics, have contributed to the recent upward movement, but concerns about weak long-term fundamentals and consistent underperformance against benchmarks remain significant.
In the broader market context, the stock's short-term performance has significantly outpaced the Sensex, which has only increased by 1.32% over the past week, while Bhakti Gems has risen by 12.29%. This contrast highlights the stock's recent recovery efforts, although it still faces challenges, including a weak ability to service debt and a declining return on equity. The stock's technical indicators suggest a mildly bearish trend, indicating that while there may be short-term gains, the long-term outlook remains uncertain, especially given its historical underperformance against broader market indices over the past three years.