Why is G G Engineering falling/rising?

As of 18-Aug, G G Engineering Ltd's stock price is currently at 0.60, reflecting an increase of 0.02 or 3.45%. The stock has shown a positive performance today, outperforming its sector by 3.93%. Additionally, it has experienced a notable rise in investor participation, with delivery volume increasing by 127.06% compared to the 5-day average. Despite a significant decline in its year-to-date performance of -65.91% and a one-year return of -70.59%, the company has reported a 160% increase in profits over the past year, contributing to a very attractive valuation with a low Price to Book Value of 0.4. However, the stock's long-term fundamental strength is weak, indicated by an average Return on Equity (ROE) of 4.10% and flat results in the latest quarter.
In the broader market context, G G Engineering's short-term return of +5.26% over the past week significantly outperformed the Sensex, which only increased by 0.83%. This positive short-term performance contrasts sharply with the stock's long-term declines, as it has underperformed the benchmark over one year and three years. The stock's current liquidity is adequate for trading, but its long-term prospects remain uncertain due to weak fundamentals and reliance on non-operating income, which constitutes a significant portion of its profits.