Why is Last Mile Enter. falling/rising?

As of 30-Jun, Last Mile Enterprises Ltd's stock price is currently at Rs 23.18, reflecting an increase of Rs 2.94, or 14.53%. The stock has shown strong performance today, outperforming its sector by 14.01% and gaining 15.84% over the last two days. It opened with a gain of 2.67% and reached an intraday high of Rs 24.81. Despite this positive movement, the stock has a mixed performance history, with a year-to-date decline of 33.21% and a staggering 71.43% drop over the past year. Positive factors contributing to the recent rise include a significant growth in net sales of 109.62% and consistent positive results over the last three quarters, alongside increased participation from institutional investors, which suggests a growing confidence in the company's fundamentals. However, the company still faces challenges, including operating losses and a weak long-term fundamental strength, which may temper investor enthusiasm.
In the broader market context, the stock's short-term return of 27.01% over the past week significantly outpaces the Sensex's return of 2.09% during the same period, indicating a strong rebound relative to the market. However, the stock's long-term performance remains concerning, as it has underperformed the market over the past year, with a return of -71.43% compared to the Sensex's 5.79%. This disparity highlights the volatility and risk associated with Last Mile Enterprises Ltd, as it struggles to maintain investor confidence despite recent positive developments.