Why is Elantas Beck falling/rising?

As of 30-Jun, Elantas Beck India Ltd's stock price is currently at 12,704.70, reflecting an increase of 91.65 points or 0.73%. The stock has been on an upward trajectory, gaining for the last eight consecutive days and achieving a total return of 15.92% during this period. It has also outperformed the benchmark Sensex significantly over the past week and month, with returns of 10.76% and 30.70%, respectively. The stock is trading above its moving averages across various time frames, indicating a strong bullish trend. Positive factors contributing to this rise include high management efficiency, as evidenced by a return on equity (ROE) of 15.14%, and a low debt-to-equity ratio, which enhances the company's financial stability. However, concerns about long-term growth persist, as net sales have only grown at an annual rate of 14.19% over the last five years, and recent profit figures have shown a decline.
Broader market context indicates that while Elantas Beck has performed well in the short term, its year-to-date performance shows a slight decline of 0.74%, contrasting with the Sensex's gain of 7.00%. This suggests that despite recent positive momentum, the stock has struggled to keep pace with broader market trends over a longer time frame. The stock's performance relative to the benchmark highlights its volatility and the mixed sentiment among investors, as evidenced by the flat results reported for March 25 and a significant drop in profit margins. Overall, while the recent gains are encouraging, the stock's long-term outlook remains uncertain due to underlying financial challenges.