Why is Mena Mani Inds. falling/rising?

As of 10-Jul, Mena Mani Industries Ltd is experiencing a price increase, currently trading at 7.90, which reflects a rise of 0.55 or 7.48%. The stock has shown strong performance recently, with a 12.38% increase over the past week and a 20.43% increase over the past month. It has outperformed its sector by 7.35% today and has been gaining for the last two days. 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 crore. 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 last three years.
In the broader market context, Mena Mani Industries Ltd's short-term performance is significantly better than the benchmark, as the Sensex has remained flat with a change of -0.06% over the past week. While the stock has shown a year-to-date return of 9.42% compared to the Sensex's 6.46%, it has still faced challenges, including a -7.82% return over the past year. Despite the recent positive momentum, the stock's long-term outlook appears risky due to its negative book value and historical underperformance against broader market indices.