Why is Blue Pearl Agri falling/rising?

As of 02-Jul, Blue Pearl Agriventures Ltd's stock price is rising, currently at Rs 53.09, reflecting an increase of Rs 1.04 or 2.0%. The stock has shown remarkable performance, gaining 67.9% over the last 16 consecutive days and outperforming its sector by 1.23% today. Additionally, it has delivered impressive returns of 10.40% over the past week and 48.88% over the past month, while also achieving a 14.32% return over the last year. The company has reported positive results for the last three consecutive quarters, with net sales increasing to Rs 21.71 crore and a higher profit after tax of Rs 0.39 crore for the last nine months. However, it is important to note that the company has a negative book value and a high debt-to-equity ratio, indicating weak long-term fundamental strength.
In the broader market context, Blue Pearl Agriventures Ltd has significantly outperformed the benchmark Sensex, which has only increased by 0.79% over the past week and 2.50% over the past month. Despite the stock's strong short-term performance, the overall market conditions remain stable, with the Sensex showing modest gains. The high institutional holdings at 23.23% suggest that knowledgeable investors are confident in the company's potential, which may contribute to the stock's upward momentum. However, the declining investor participation, with a 74.37% drop in delivery volume, raises concerns about the sustainability of this price rise.