Why is Bhakti Gems falling/rising?

As of 04-Jul, Bhakti Gems & Jewellery Ltd is currently priced at 16.28, reflecting a slight increase of 0.03 or 0.18%. The stock has demonstrated strong performance recently, gaining 32.36% over the past week and 37.97% over the past month, while it has been trading above its moving averages across various time frames. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 483.34% compared to the 5-day average. Positive financial results, including a 30.48% growth in net sales and the highest profit before tax and profit after tax recorded, suggest a favorable outlook. However, the stock has a weak long-term fundamental strength, indicated by a -5.57% CAGR growth in operating profits over the last five years and a low return on equity of 2.9%, which may temper investor enthusiasm.
In the broader market context, while Bhakti Gems has outperformed the benchmark Sensex significantly in the short term, with a 32.36% increase compared to the Sensex's decline of 0.74% over the past week, it still faces challenges in the long term. The stock's year-to-date return of 10.82% is also lower than the Sensex's 6.77%, indicating that while it has shown recent strength, its overall performance over a longer period remains under pressure. The company's weak ability to service its debt and low profitability per unit of shareholders' funds may contribute to a cautious sentiment among investors despite the recent gains.