Why is Mena Mani Inds. falling/rising?

As of 11-Jul, Mena Mani Industries Ltd is experiencing a price increase, currently at 8.05, reflecting a change of 0.15 or 1.9% upward. The stock has shown strong performance recently, gaining 14.51% over the last three days and outperforming its sector by 2.82% today. Additionally, it has outperformed the benchmark Sensex over the past week and month, with returns of +14.18% and +21.97%, respectively. 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 faces challenges due to a negative book value and weak long-term fundamental strength, which may impact investor sentiment.
In the broader market context, while Mena Mani Industries has shown significant short-term gains, the benchmark Sensex has declined by 1.12% over the past week and remained nearly flat over the past month. This contrast highlights the stock's strong relative performance in a generally unfavorable market environment. Despite the positive short-term trends, the company's consistent underperformance over the last three years, with a return of -30.60% compared to the Sensex's +51.67%, raises concerns about its long-term viability, suggesting that while the stock is currently rising, it may still be viewed as risky by some investors.