Why is Blue Pearl Agri falling/rising?

As of 01-Jul, Blue Pearl Agriventures Ltd is experiencing a price increase, currently at Rs 52.05, reflecting a rise of 1.02 or 2.0%. The stock has shown strong performance recently, gaining 64.61% over the last 15 days and outperforming its sector by 2.86% today. Additionally, it has achieved a 10.39% increase over the past week and a remarkable 43.07% rise in the last month. 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, the stock also faces challenges, including a negative book value and high debt levels, which contribute to its classification as a risky investment.
In the broader market context, Blue Pearl Agriventures Ltd has outperformed the benchmark Sensex in both the short term and long term, generating a 12.08% return over the past year compared to the Sensex's 5.31%. While the stock's recent gains are notable, it is essential to consider the declining investor participation, as evidenced by a significant drop in delivery volume. Despite these concerns, the stock's strong institutional holdings, which have increased by 23.21% over the previous quarter, suggest that knowledgeable investors continue to support the company, potentially bolstering its price movement in the near term.