Why is Magnum Ventures falling/rising?

As of 11-Jun, Magnum Ventures Ltd is experiencing a price increase, currently at Rs 28.39, reflecting a rise of 1.34 or 4.95%. The stock has shown strong performance recently, gaining 6.77% over the last four days and outperforming its sector by 3.37% today. It opened with a gain of 3.51% and reached an intraday high of Rs 28.5. Despite these positive movements, the stock has a concerning long-term performance, with a year-to-date decline of 27.93% and a significant drop of 46.35% over the past year. Positive financial results, including a 247.7% growth in profit before tax and a 119.9% increase in profit after tax compared to previous quarters, suggest attractive valuation metrics. However, the stock's long-term fundamental strength is weak, indicated by a low average return on capital employed and poor sales growth, which may temper investor enthusiasm.
In the broader market context, Magnum Ventures has outperformed the Sensex in the short term, with a 1-week return of 3.50% compared to the benchmark's 1.87%. However, the stock's long-term performance remains a concern, as it has significantly underperformed the market over the past year, with the Sensex generating a return of 5.60% while Magnum Ventures has declined by 46.35%. This stark contrast highlights the challenges the company faces in regaining investor confidence despite recent gains.