Why is Nagpur Power falling/rising?

As of 27-Jun, Nagpur Power & Industries Ltd is experiencing a price increase, currently at Rs 126.50, reflecting a rise of 2.6 (2.1%). The stock has shown positive momentum, gaining for the last three consecutive days with a total return of 5.73% during this period. Despite opening lower today with a loss of 3.03%, it reached an intraday high of Rs 126.7. However, the stock's performance over the last month has been negative, with a decline of 1.94%, and a year-to-date drop of 18.39%. The company reported strong quarterly growth in profit before tax and net sales, which may have contributed to the recent uptick in stock price, despite its long-term fundamental weaknesses indicated by a low return on equity and poor debt servicing ability.
In the broader market context, the stock has outperformed its sector by 1.92% today, while the benchmark Sensex has risen by 2.00% over the past week. Although the stock has shown a strong performance over the last three years with a return of 123.50%, its year-to-date performance remains significantly below the benchmark's 7.58% increase. The decline in delivery volume and liquidity issues may indicate a lack of investor confidence, which could temper the stock's upward movement despite recent positive earnings results. Overall, while there are short-term gains, the long-term outlook remains cautious due to fundamental weaknesses.