Why is Blue Pearl Agri falling/rising?

As of 22-Jul, Blue Pearl Agriventures Ltd is experiencing a price increase, currently at Rs 69.97, reflecting a rise of 1.37 or 2.0%. The stock has shown strong performance recently, gaining 55.8% over the last 21 days and outperforming its sector by 2.23% today. Additionally, it has opened with a gain of 2% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported positive results for the last three consecutive quarters, with net sales growing significantly and a notable increase in institutional holdings, which suggests confidence from larger investors. However, it is important to note that the company has a negative book value and high debt levels, indicating potential long-term risks.
In the broader market context, Blue Pearl Agriventures Ltd has outperformed the benchmark Sensex in the short term, with a 1-week return of +10.36% compared to the Sensex's -0.47%. While the stock has shown impressive short-term gains, it has a year-to-date decline of -45.80%, contrasting with the Sensex's positive return of +5.18%. This divergence highlights the stock's volatility and the potential risks associated with its negative book value and high debt, which could impact investor sentiment moving forward.