Why is BLS E-Services falling/rising?

As of 11-Jun, BLS E-Services Ltd's stock price is rising, currently at 225.50, reflecting an increase of 8.5 or 3.92%. The stock has shown strong performance today, outperforming its sector by 2.9% and marking a consecutive gain over the last six days with a total return of 10.87% during this period. It opened with a gain of 2.3% and reached an intraday high of Rs 232.7, indicating positive momentum. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 71.69% against the 5-day average. Additionally, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 75.10% and operating profit at 107.16%, contributing to positive investor sentiment.
In the broader market context, BLS E-Services has outperformed the Sensex with a 1-week return of 8.41% compared to the benchmark's 1.87%. However, it is important to note that despite the recent gains, the stock has underperformed over the past year, generating a return of -14.16% while the Sensex has increased by 7.92%. This underperformance, along with a high price-to-book value and low domestic mutual fund ownership, suggests that while the stock is currently rising, there are underlying concerns regarding its valuation and long-term performance relative to the market.