Why is City Pulse Multi falling/rising?

As of 22-Sep, City Pulse Multiventures Ltd is experiencing a price increase, currently at 2,970.00, reflecting a rise of 68.1 or 2.35%. The stock has shown a positive performance today, outperforming its sector by 1.63% and achieving a consecutive gain over the last three days with a total return of 6.59%. Despite opening with a loss of 3.12%, the stock reached an intraday high of Rs 2,972, indicating some volatility. Over the past year, City Pulse has generated impressive returns of 251.48%, significantly outperforming the BSE500 in each of the last three annual periods. However, it faces challenges such as weak long-term fundamental strength, evidenced by a -2.80% CAGR growth in net sales over the last five years and a low return on equity of 0.86%, which may temper investor enthusiasm.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has seen a modest increase of 0.46% over the past week. While City Pulse has delivered a remarkable 10.00% return over the past month, the benchmark has only achieved 1.05%. This strong relative performance highlights the stock's appeal despite underlying weaknesses in its financial fundamentals. The liquidity of the stock remains adequate for trading, although there has been a significant drop in investor participation, with delivery volume falling by 81.84% against the five-day average. Overall, while the stock is rising in price, its long-term outlook may raise concerns among investors.