Why is Intec Capital falling/rising?

As of 22-Jul, Intec Capital Ltd's stock price is currently at 16.50, reflecting an increase of 0.2 or 1.23%. The stock has shown strong performance recently, outperforming its sector by 1.44% today and has experienced consecutive gains over the last two days, resulting in a total return of 7.49% during this period. Additionally, the company has reported impressive growth in net sales of 634.15% and significant increases in profit after tax and profit before tax, contributing to a positive sentiment around the stock. However, it is important to note that despite these positive results, the stock has weak long-term fundamental strength, with a low return on equity and a concerning annual decline in net sales.
In the broader market context, Intec Capital's short-term performance has been notably better than the benchmark, with a 1-week return of +3.12% compared to the Sensex's -0.47%. This indicates that while the overall market may be struggling, Intec Capital is managing to attract investor interest and deliver positive returns. However, the stock's long-term outlook remains clouded by its weak fundamentals and high valuation compared to peers, which may temper enthusiasm among investors despite its recent gains.