Why is Blue Pearl Agri falling/rising?

As of 18-Jul, Blue Pearl Agriventures Ltd is experiencing a price increase, currently at 67.26, reflecting a rise of 1.31 or 1.99%. The stock has shown strong performance, gaining 65.06% over the last 21 days and outperforming its sector by 2.52% today. Additionally, the stock has outperformed the benchmark Sensex significantly in the short term, with a 10.35% increase over the past week, while the Sensex has declined by 0.90%. 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. Furthermore, high institutional holdings at 23.23% indicate confidence from larger investors, as their stake has increased by 23.21% over the previous quarter.
In the broader market context, Blue Pearl Agriventures Ltd's recent performance stands in stark contrast to the Sensex, which has only gained 0.38% over the past month and 4.63% year-to-date. This divergence highlights the stock's strong momentum and investor interest, particularly given its long-term performance, where it has generated 44.83% returns over the last year and significantly outperformed the BSE500 over various time frames. However, it is important to note that the company has a negative book value and high debt levels, which could pose risks to its long-term stability despite its current upward trajectory.