Why is Mangalam Industr falling/rising?

As of 09-Jul, Mangalam Industrial Finance Ltd's stock price is currently at 1.67, reflecting an increase of 0.04 or 2.45%. The stock has shown a positive performance today, outperforming its sector by 2.07%. In the past week, it has risen by 3.73%, and over the last month, it has gained 11.33%. However, despite these short-term gains, the stock has a concerning long-term outlook, with a year-to-date decline of 54.74% and a one-year return of -61.16%. The company's weak long-term fundamental strength is highlighted by an average Return on Equity (ROE) of just 1.38% and a high Price to Book Value ratio of 6.2, indicating an expensive valuation relative to its peers. Additionally, the reduction in promoter stake by 5.2% suggests diminishing confidence in the company's future prospects.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only increased by 0.15% over the past week. While Mangalam Industrial Finance Ltd has shown some resilience in the short term, its consistent underperformance against the benchmark over the last three years raises concerns. The stock's significant decline over the past year, coupled with a substantial increase in profits, indicates a disconnect between market perception and company performance, as evidenced by a PEG ratio of 0.3. This situation, along with the recent rise in investor participation and liquidity, may reflect speculative trading rather than a fundamental recovery, suggesting that the stock's upward movement may not be sustainable in the long term.