Why is Enbee Trade falling/rising?

As of 24-Jul, Enbee Trade & Finance Ltd's stock price is currently at 0.42, reflecting an increase of 0.01 or 2.44%. The stock has shown a positive performance today, outperforming its sector by 3.18% and has gained 5% over the last two days. However, it is important to note that the stock has underperformed significantly over the past week and month, with declines of 6.67% and 51.16%, respectively. Despite these short-term gains, the stock is trading below its moving averages across various timeframes, indicating a potential weakness in momentum. The company has reported strong financial results, including a 132.64% growth in operating profit and a 100.18% increase in net sales over the last six months, which may contribute positively to investor sentiment. However, the stock's long-term fundamental strength is considered weak, with an average return on equity of only 7.73%.
In the broader market context, while Enbee Trade has seen a short-term rise, its long-term performance remains concerning, as evidenced by a year-to-date decline of 72.15%, compared to a 5.18% increase in the Sensex. This stark contrast highlights the challenges faced by the stock in relation to the overall market. The significant drop in delivery volume, which has fallen by 70.78% against the five-day average, suggests a decrease in investor participation, further complicating the stock's outlook. Overall, while recent positive financial results may provide some support for the stock's price increase, the broader context of poor long-term performance and declining investor interest raises questions about the sustainability of this upward movement.