Why is Last Mile Enter. falling/rising?

As of 22-Aug, Last Mile Enterprises Ltd is currently priced at 12.51, reflecting a slight increase of 0.02 or 0.16%. The stock has recently shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. Despite a significant growth in net sales of 16,349.73% and positive results over the last four quarters, the stock has experienced a substantial decline of 83.32% over the past year, which raises concerns about its long-term fundamental strength, particularly given its average return on equity of 3.22%.
In the broader market context, the stock has underperformed compared to the Sensex, which has gained 0.88% over the past week while Last Mile Enterprises Ltd has dropped 14.26%. This stark contrast highlights the stock's struggles in both short-term and long-term performance, as it has also lagged behind the BSE500 over the last three years. The falling investor participation, with a delivery volume decrease of 78.91% against the 5-day average, further indicates a lack of confidence among investors, despite the company's attractive valuation metrics and recent positive financial results.