Why is Econo Trade Indi falling/rising?

As of 09-Jul, Econo Trade India Ltd's stock price is currently at 8.94, reflecting an increase of 0.11 or 1.25%. The stock has shown strong performance recently, gaining 6.3% over the last two days and outperforming its sector by 0.87%. Additionally, it has delivered a 19.20% return over the past month, while year-to-date, it has risen by 13.31%. Despite a negative return of -7.17% over the past year, the stock is trading above its moving averages and has seen a significant increase in delivery volume, indicating rising investor participation. The stock's valuation appears attractive with a Price to Book Value of 0.4, although it has experienced a decline in profits by -10.3% over the past year.
In the broader market context, Econo Trade India Ltd has outperformed the Sensex in the short term, with a 1-week return of +2.17% compared to the benchmark's +0.15%. However, it has consistently underperformed against the benchmark over the last three years, with a total return of +12.74% compared to the Sensex's +53.33%. This long-term underperformance, coupled with a weak Return on Equity (ROE) of 4.9 and flat results in March 2025, suggests that while the stock is currently experiencing a rise, its long-term fundamental strength remains a concern.