Why is Delphi World falling/rising?

As of 02-Jul, Delphi World Money Ltd's stock price is currently at Rs 194.30, reflecting an increase of Rs 31.0 or 18.98%. The stock has been on an upward trend, gaining for the last four consecutive days and achieving a total return of 29.32% during this period. It has outperformed its sector by 20.21% today, and the stock has traded within a wide range of Rs 31.8. Despite this positive short-term performance, the company has faced challenges, including a return of -11.64% over the past year and a significant decline in profits, which have fallen by -11.9%. The stock is trading at a discount compared to its peers, with an attractive valuation based on its Price to Book Value, but it also has weak long-term fundamentals, including a low Return on Equity (ROE) of 6.
In the broader market context, Delphi World Money Ltd's recent performance stands in stark contrast to the benchmark, as it has achieved a 1-week return of +26.79% compared to the Sensex's +0.79%. While the stock has shown strong short-term gains, it has consistently underperformed against the benchmark over the last three years, indicating a long-term struggle. The company's net sales have drastically declined, and its operating profit has also suffered, which raises concerns about its sustainability despite the recent price increase. Overall, while the stock is experiencing a temporary rise, the underlying fundamentals suggest caution for long-term investors.