Why is Bhakti Gems falling/rising?

As of 10-Jul, Bhakti Gems & Jewellery Ltd is experiencing a price increase, currently trading at 16.75, which reflects a rise of 0.4 or 2.45%. The stock has shown strong performance recently, outperforming its sector by 2.71% today and achieving a consecutive gain over the last two days with a total return of 4.75%. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Positive financial results, including a 30.48% growth in net sales and the highest profit before tax and profit after tax recorded, contribute to this upward movement. However, the stock's long-term fundamentals are weak, with a -5.57% CAGR growth in operating profits over the last five years and a low return on equity, which may temper investor enthusiasm.
In the broader market context, Bhakti Gems has outperformed the Sensex in the short term, with a 1-week return of +3.08% compared to the benchmark's slight decline of -0.06%. While the stock has shown significant gains over the past month (+38.09%), it has underperformed over the longer term, with a 1-year return of -3.68% against the Sensex's +4.09%. This contrast highlights the stock's volatility and the potential for short-term gains amidst longer-term challenges. Despite the recent positive performance, the weak fundamentals and declining investor participation, as evidenced by a drop in delivery volume, suggest caution moving forward.