Why is Blue Pearl Agri falling/rising?

As of 16-Jul, Blue Pearl Agriventures Ltd is experiencing a price increase, currently at 64.66, reflecting a rise of 1.26 or 1.99%. The stock has shown strong performance, gaining 74.9% over the last 21 days and outperforming its sector by 1.86% today. In terms of returns, the stock has increased by 10.36% over the past week and an impressive 83.64% over the last month. Additionally, 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 is important to note that the company has a negative book value and a high debt-to-equity ratio, indicating some long-term risks.
In the broader market context, while Blue Pearl Agriventures has outperformed the Sensex, which has declined by 1.08% over the past week, the stock's year-to-date performance shows a decline of 49.91%, contrasting with the Sensex's gain of 5.75%. Despite these long-term challenges, the stock's recent upward trajectory can be attributed to rising investor participation, evidenced by a significant increase in delivery volume, and high institutional holdings, which have risen by 23.21% over the previous quarter. This suggests that institutional investors, who typically have better analytical capabilities, are confident in the company's short-term prospects, contributing to the stock's current rise.