Why is Econo Trade Indi falling/rising?

As of 30-Sep, Econo Trade India Ltd is experiencing a price increase, currently at 8.70, reflecting a change of 0.23 or 2.72% upward. The stock has shown strong performance recently, outperforming its sector by 2.42% today and has gained consecutively over the last three days, resulting in a total return of 7.41% during this period. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Despite a year-over-year decline of 3.97% in returns, the stock's valuation appears attractive with a low Price to Book Value of 0.4 and a Return on Equity (ROE) of 5.2, suggesting it is trading at fair value compared to its peers. However, the long-term fundamental strength is weak, as indicated by an average ROE of 3.85% and flat results reported in June 2025.
In the broader market context, Econo Trade India Ltd has outperformed the benchmark Sensex over the past week and month, with returns of 6.23% and 9.85%, respectively, while the Sensex has declined by 2.23% and increased only by 0.57% in the same periods. This indicates that the stock is gaining traction in a challenging market environment. The rising investor participation, evidenced by a significant increase in delivery volume, further supports the stock's upward movement. Overall, while the stock has faced some long-term challenges, its recent performance and attractive valuation metrics are contributing to its current rise.