Why is Jeevan Scienti. falling/rising?

As of 04-Aug, Jeevan Scientific Technology Ltd is experiencing a price increase, currently at Rs 40.68, reflecting a rise of 1.65 or 4.23%. The stock has shown positive momentum, gaining 4.31% over the last two days and outperforming its sector by 3.89% today. It opened with a significant gain of 5.05% and reached an intraday high of Rs 41. Despite a challenging year with a return of -30.04%, the company has seen its profits increase by 110.9%, contributing to a more attractive valuation with a PEG ratio of 0.6. However, the company faces challenges such as operating losses and weak long-term fundamentals, which may temper investor enthusiasm.
In the broader market context, the stock's short-term performance of +2.96% over the past week contrasts with the Sensex's modest gain of +0.16%, indicating a stronger relative performance. Nonetheless, the stock has consistently underperformed against benchmarks over the last three years, with a significant decline of -43.77% compared to the Sensex's +38.97% over that period. This mixed performance highlights the volatility and risks associated with Jeevan Scientific Technology Ltd, as it navigates both positive short-term movements and long-term challenges.