Why is Mena Mani Inds. falling/rising?

As of 07-Jul, Mena Mani Industries Ltd is experiencing a rise in its stock price, currently at 7.40, reflecting an increase of 0.35 or 4.96%. The stock has outperformed its sector today and has shown consecutive gains over the last two days, with a total return of 5.26% during this period. Additionally, the company has reported positive results for the last four consecutive quarters, with net sales growing by 49.17% and a higher profit after tax of Rs 0.21 Cr. However, it is important to note that the company has a negative book value, indicating weak long-term fundamental strength, which may contribute to the stock's volatility despite recent positive performance.
In the broader market context, Mena Mani Industries Ltd has outperformed the Sensex over the past week, with a return of 5.71% compared to the benchmark's slight decline of 0.20%. However, the stock has underperformed against the benchmark over the longer term, with a one-year return of -17.96% compared to the Sensex's gain of 4.31%. This consistent underperformance over the last three years, coupled with a significant drop in investor participation, as evidenced by a 75.51% decrease in delivery volume, suggests that while the stock may be rising in the short term, there are underlying risks that could affect its stability moving forward.