Why is Nagpur Power falling/rising?

As of 23-Jun, Nagpur Power & Industries Ltd is experiencing a rise in its stock price, currently at 124.40, reflecting an increase of 4.2 or 3.49%. The stock has been gaining for the last two days, with a total return of 9.6% during this period, and it outperformed its sector by 2.56%. Despite touching an intraday low of Rs 112.45, the stock reached a high of Rs 125, indicating significant volatility with an intraday fluctuation of 5.28%. Over the past week, the stock has underperformed the benchmark Sensex, showing a decline of 1.97%, while the Sensex has slightly increased by 0.12%. The stock has also seen a decline in delivery volume, which fell by 33.77% against the 5-day average, suggesting a decrease in investor participation.
Broader Market Context: In the context of the broader market, while Nagpur Power has shown a positive movement recently, its year-to-date performance remains concerning, with a decline of 19.74% compared to a 4.81% increase in the Sensex. The company's recent positive financial results, including a significant growth in profit before tax and net sales, have contributed to the stock's upward movement. However, the long-term fundamentals are weak, characterized by a low return on equity of 3.21% and a poor ability to service debt, which may temper investor enthusiasm. Overall, while the stock is currently rising, its long-term outlook remains uncertain due to these underlying issues.