Why is Magnum Ventures falling/rising?

As of 10-Sep, Magnum Ventures Ltd's stock price is currently at Rs 28.55, reflecting an increase of Rs 3.06 or 12.0%. The stock has shown strong performance recently, gaining 15.21% over the last two days and outperforming its sector by 12.72% today. Over the past week, it has risen by 13.34%, and in the last month, it has increased by 18.81%. Despite these short-term gains, the stock has a negative year-to-date return of -27.52% and a significant decline of -44.33% over the past year. The company has a very attractive valuation with a return on capital employed (ROCE) of 2.7 and a PEG ratio of 0.4, indicating that it is trading at a discount compared to its peers. However, it also faces challenges, including a recent quarterly profit after tax (PAT) decline of -814.3% and weak long-term fundamental strength.
Broader market context shows that while Magnum Ventures has outperformed the Sensex in the short term, it has underperformed significantly over the past year, with a return of -44.33% compared to the benchmark's -0.61%. The stock's recent gains come amid a broader market that has only seen modest increases, with the Sensex rising by 1.06% over the past week. Despite the positive short-term momentum, the stock's long-term performance remains concerning, as it has underperformed the market significantly over the last year, indicating potential volatility and investor caution moving forward.