Why is Blue Pearl Agri falling/rising?

As of 10-Jul, Blue Pearl Agriventures Ltd is experiencing a rise in its stock price, currently at Rs 59.76, reflecting an increase of 1.17 or 2.0%. The stock has shown impressive performance, gaining 85.3% over the last 21 days and outperforming its sector by 1.4% today. In terms of returns, the stock has increased by 10.36% over the past week and 88.99% over the past month, while it has also generated a 28.68% return over the last year. Positive factors contributing to this rise include the company’s strong financial results over the last three quarters, with net sales growing significantly and a higher profit after tax. Additionally, the stock has high institutional holdings, which have increased, indicating confidence from larger investors. However, the company does have a negative book value and high debt levels, which could pose risks in the long term.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has remained nearly flat at -0.06% over the past week. While the stock has shown strong returns in both the short and long term, it is important to note that despite its recent gains, the company has a weak long-term fundamental strength due to its negative book value and high debt-to-equity ratio. This combination of factors creates a complex picture, as the stock's current rise is buoyed by recent performance and investor confidence, yet it faces underlying risks that could affect its stability moving forward.