Why is Magnum Ventures falling/rising?

As of 12-Sep, Magnum Ventures Ltd is currently priced at 28.23, reflecting an increase of 0.13 or 0.46%. The stock has shown strong performance in the short term, with a 12.78% increase over the past week and a 22.74% rise over the past month, significantly outperforming the Sensex, which has only increased by 1.48% and 2.08% in the same periods, respectively. However, despite this recent uptick, the stock has a troubling year-to-date return of -28.33% and a one-year return of -42.51%. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, but it remains below the 200-day moving average. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 45.91% compared to the 5-day average.
Broader Market Context: The broader market context indicates that while Magnum Ventures has outperformed its sector today, it has underperformed the market over the last year, with a significant decline compared to the BSE500's -3.45%. The company's fundamentals present a mixed picture; while it has a very attractive valuation with a low PEG ratio of 0.4 and a significant profit increase of 114.9% over the past year, it also faces challenges such as a weak long-term fundamental strength indicated by a low ROCE of 2.40% and a substantial drop in PAT. These contrasting factors contribute to the stock's volatility and recent price movements, reflecting both investor optimism in the short term and concerns about long-term sustainability.