Why is Kiran Vyapar falling/rising?

As of 30-Jun, Kiran Vyapar Ltd's stock price is rising, currently at Rs 242.35, reflecting an increase of Rs 3.3 or 1.38%. The stock has shown strong performance recently, gaining 3.61% over the last two days and outperforming its sector by 0.86%. It has also touched an intraday high of Rs 244.95. In terms of returns, the stock has performed well over the past year with a 30.12% increase, although it has seen a decline of 2.28% over the past month. The company's attractive valuation, indicated by a low Price to Book Value of 0.3 and a return on equity of 2.8, supports its recent price movement, despite operating losses and a low net sales figure.
Broader market context shows that Kiran Vyapar has outperformed the benchmark Sensex in the short term, with a 5.23% return over the past week compared to the Sensex's 2.09%. However, the stock's year-to-date performance is lagging, with a decline of 9.57% against the Sensex's 7.00% gain. The stock's long-term performance remains strong, with an 80.86% increase over the past three years, indicating a market-beating performance. Despite these positive indicators, the company's weak long-term fundamentals, highlighted by significant operating losses and a low stake from domestic mutual funds, may pose risks to sustained growth.