Why is Nagpur Power falling/rising?

As of 02-Jul, Nagpur Power & Industries Ltd is experiencing a price increase, currently at Rs 123.50, which reflects a rise of 1.45 (1.19%). Today, the stock opened with a gain of 4.06% and reached an intraday high of Rs 127. Despite this positive movement, the stock has shown a decline of 2.02% over the past month and a significant drop of 20.32% year-to-date. The company reported strong growth in its recent financial results, with a profit before tax (PBT) growth of 175.1% and a profit after tax (PAT) growth of 730.9% compared to the previous four-quarter average. However, the stock's long-term fundamentals are weak, with an average return on equity (ROE) of only 3.21%, which raises concerns about its valuation and growth potential.
In the broader market context, the stock has outperformed the sector by 2.65% today, while the benchmark Sensex has only gained 0.79% over the past week. Despite this short-term outperformance, the stock has underperformed the market significantly over the past year, generating a return of -23.05% compared to the Sensex's 5.00% increase. The falling investor participation, indicated by a 33.73% decline in delivery volume, suggests a lack of confidence among investors, which could hinder the stock's ability to maintain its recent gains. Overall, while there are positive short-term movements, the long-term outlook remains uncertain due to fundamental weaknesses.