Why is Bhakti Gems falling/rising?

As of 07-Jul, Bhakti Gems & Jewellery Ltd is currently priced at 16.22, experiencing a decline of 0.06, or 0.37%. The stock has recently underperformed its sector by 0.26% and has seen a trend reversal after six consecutive days of gains. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. The company reported positive quarterly results with net sales growing by 30.48%, and it is trading at a discount compared to its peers' average historical valuations. However, it faces challenges with weak long-term fundamental strength, including a -5.57% CAGR growth in operating profits over the last five years and a low return on equity of 4.89%, which may contribute to investor caution.
In the broader market context, Bhakti Gems has outperformed the Sensex with a 30.60% return over the past week, while the benchmark index has seen a slight decline of 0.20%. Over the past month, the stock has also significantly outperformed the Sensex, gaining 38.63% compared to the index's 1.53% increase. However, the stock's year-to-date return of 10.42% is lower than the Sensex's 6.79%, and its one-year performance shows a decline of 6.78% against the Sensex's gain of 4.31%. This disparity in performance may reflect investor sentiment influenced by the company's weak long-term fundamentals despite recent positive quarterly results.