Why is Mena Mani Inds. falling/rising?

As of 01-Jul, Mena Mani Industries Ltd is experiencing a price increase, currently at 7.35, which reflects a rise of 0.35 or 5.0%. The stock has shown strong performance recently, gaining 9.21% over the last two days and outperforming its sector by 5.14% today. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported positive results for the last four consecutive quarters, with net sales higher at Rs 14.14 crore and a profit after tax of Rs 0.21 crore for the last nine months. However, it is important to note that the company has a negative book value, indicating weak long-term fundamental strength, and has consistently underperformed against benchmarks over the past three years.
In the broader market context, Mena Mani Industries Ltd has outperformed the Sensex in the short term, with a 1-week return of +7.30% compared to the Sensex's +2.00%. Despite this recent uptick, the stock has shown a year-to-date return of only +1.80%, significantly lagging behind the Sensex's +7.11%. The company's long-term growth prospects appear weak, with a historical annual growth rate of net sales at 77.20% and operating profit at 11.97%. This combination of short-term gains and long-term challenges contributes to the stock's volatility and investor sentiment.