Why is Bluegod Enterta. falling/rising?

As of 10-Jun, Bluegod Entertainment Ltd is experiencing a price increase, currently at 11.94, which reflects a rise of 0.49 or 4.28%. The stock has shown strong performance recently, outperforming its sector by 4.43% today and achieving consecutive gains over the last two days with an overall return of 8.55% in that period. Additionally, the stock has demonstrated impressive returns over various time frames, including a 12.22% increase over the past week and a 27.84% increase over the past month. Despite a significant growth in net sales of 1600% and positive quarterly results, the company faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, Bluegod Entertainment Ltd's recent performance is notably strong compared to the benchmark Sensex, which has only increased by 2.05% over the past week. While the stock has outperformed the market in the short term, it has underperformed over the past year, with a decline of 20.40% compared to the Sensex's 7.72% increase. This disparity highlights the stock's volatility and the risks associated with its negative book value and high debt, despite its current bullish technical indicators and positive short-term performance.