Why is Mega Corp. falling/rising?

As of 17-Jul, Mega Corporation Ltd's stock price is currently at 2.74, reflecting an increase of 0.05 or 1.86%. The stock has been gaining for the last two days, with a total return of 3.79% over the past month. Despite a significant drop in delivery volume by 74.82% against the 5-day average, the stock has outperformed its sector by 2.19%. Positive financial results reported on March 25, including the highest Return on Capital Employed (ROCE) at 6.00% and the highest Profit Before Depreciation, Interest, and Taxes (PBDIT) at Rs 1.36 crore, have contributed to the stock's recent upward movement. However, the stock's long-term fundamental strength is weak, indicated by an average Return on Equity (ROE) of 1.07% and a high Price to Book Value ratio of 2.2, suggesting it is expensive relative to its peers.
In the broader market context, Mega Corporation Ltd's performance over the past week has been flat at 0.00%, while the benchmark Sensex has declined by 1.12%. Over the past year, the stock has generated a return of 48.59%, significantly outperforming the Sensex's 1.91% increase. However, the stock's year-to-date performance shows a decline of 32.01%, contrasting with the Sensex's gain of 5.27%. This discrepancy highlights the stock's volatility and the challenges it faces despite its recent gains and long-term outperformance in certain periods.