Why is Bhakti Gems falling/rising?

As of 01-Jul, Bhakti Gems & Jewellery Ltd's stock price is currently at Rs 13.49, reflecting an increase of Rs 1.07 or 8.62%. The stock has shown a strong performance today, outperforming its sector by 8.22% and has gained consecutively over the last two days, with a total return of 9.67% during this period. The stock reached an intraday high of Rs 14, indicating positive momentum, although it also experienced a low of Rs 12.12. Despite this volatility, the stock is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Positive factors contributing to the stock's rise include a significant growth in net sales and attractive valuation metrics, such as a low price-to-book value ratio. However, the company faces challenges with weak long-term fundamentals, including a negative CAGR in operating profits over the last five years and low profitability as indicated by its return on equity.
In the broader market context, Bhakti Gems has outperformed the benchmark Sensex in the short term, with a 1-week return of 9.85% compared to the Sensex's 2.00%. This short-term outperformance contrasts sharply with the company's long-term performance, where it has consistently underperformed against the benchmark over the past three years, including a 22.07% decline in the last year. While the stock's recent gains may suggest a temporary recovery, the overall trend indicates significant challenges ahead, particularly in light of its weak long-term fundamentals and declining investor participation.