Why is Bridge Securitie falling/rising?

As of 30-Jun, Bridge Securities Ltd is experiencing a price increase, with its current price at 10.20, reflecting a change of 0.27 or 2.72% upward. The stock has shown strong performance recently, outperforming its sector by 2.2% today and achieving consecutive gains over the last two days, with a total return of 10.27% during this period. Over the past year, the stock has generated an impressive return of 256.27%, significantly higher than the market's average return of 3.95%. However, despite this strong short-term performance, the company is facing challenges, including operating losses and weak long-term fundamental strength, which could impact investor sentiment.
In the broader market context, the stock's short-term return of 8.40% over the past week and 8.28% over the past month outpaces the Sensex, which returned 2.09% and 2.65% respectively during the same periods. This indicates that Bridge Securities Ltd is performing well relative to the market in the short term. However, the company's high valuation metrics, such as a Price to Book Value of 13.4 and a PEG ratio of 0.3, suggest that it may be considered expensive compared to its peers, despite its recent gains. The combination of strong short-term performance and underlying financial weaknesses creates a complex picture for investors.