Why is Blue Pearl Agri falling/rising?

As of 27-Jun, Blue Pearl Agriventures Ltd is experiencing a price increase, currently at 50.03, reflecting a change of 0.98 or 2.0% upward. The stock has shown strong performance recently, gaining 58.22% over the last 13 consecutive days and outperforming its sector by 2.62% today. In terms of returns, the stock has risen by 16.95% over the past week and 29.48% over the past month, although it has a year-to-date decline of 61.25%. The company has reported positive results for the last three consecutive quarters, with net sales higher at Rs 21.71 crore and a profit after tax of Rs 0.39 crore for the last nine months. However, it also has a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamental strength.
In the broader market context, the stock's short-term performance significantly outpaces the benchmark, with the Sensex only increasing by 2.00% over the past week and 3.07% over the past month. Despite the stock's impressive short-term gains, its year-to-date performance remains concerning, with a decline of 61.25% compared to the Sensex's increase of 7.58%. The high institutional holdings at 23.23% suggest that knowledgeable investors are backing the stock, which may contribute to its recent upward movement, despite the risks associated with its negative book value and high debt levels.