Why is Bridge Securitie falling/rising?

As of 12-Sep, Bridge Securities Ltd is experiencing a price increase, currently at 14.60, reflecting a change of 0.19 or 1.32% upward. The stock has shown strong performance, gaining 32.25% over the last nine consecutive days and outperforming the benchmark Sensex significantly, with a year-to-date return of 42.02% compared to the Sensex's 4.82%. Despite a recent decline in delivery volume by 19.81% against the five-day average, the stock is trading above its moving averages across various time frames, indicating positive momentum. However, it is important to note that the company is facing operating losses and has a weak long-term fundamental strength, which could pose risks to its valuation despite the impressive short-term returns.
In the broader market context, Bridge Securities Ltd's short-term performance of 16.80% over the past week far exceeds the Sensex's 1.48% increase, highlighting its strong relative strength. The stock has consistently outperformed the BSE500 over the last three years, which adds to its attractiveness among investors. However, the company's high price-to-book value of 19.2 and operating losses suggest that while the stock is currently rising, there are underlying concerns regarding its long-term sustainability and valuation compared to its peers.