Why is Bridge Securitie falling/rising?

As of 01-Jul, Bridge Securities Ltd is experiencing a price increase, currently trading at 10.50, which reflects a rise of 0.3 or 2.94%. The stock has shown strong performance recently, outperforming its sector by 3.08% today and achieving a consecutive gain over the last three days with a total return of 13.51%. Additionally, the stock has demonstrated impressive returns over various periods, including a 249.30% increase over the past year and a staggering 909.62% over the last three years. Despite these positive movements, the company faces challenges such as operating losses and weak long-term fundamental strength, which could temper investor enthusiasm.
In the broader market context, Bridge Securities Ltd has outperformed the Sensex, which has only increased by 2.00% over the past week, while the stock itself has gained 10.53% in the same timeframe. This significant outperformance highlights the stock's strong momentum relative to the market. However, it is important to note that while the stock has generated substantial returns, it is trading at a high valuation with a Price to Book Value of 13.8, suggesting that investors should remain cautious given the company's recent operating losses and flat quarterly results.