Why is Narbada Gems falling/rising?

As of 21-Aug, Narbada Gems & Jewellery Ltd is experiencing a significant rise in its stock price, currently at Rs 71.53, reflecting an increase of 10.17 or 16.57%. The stock has shown strong performance today, outperforming its sector by 15.7% and achieving a consecutive gain over the last two days with a total return of 20.22%. It opened with a gain of 2.05% and reached an intraday high of Rs 73.66. Over the past week, the stock has surged by 30.05%, and it has also outperformed the benchmark Sensex, which has only increased by 1.74% during the same period. However, it is important to note that while the stock has generated a return of 25.96% over the past year, its profits have declined by 8.6%, indicating some underlying weaknesses.
Broader market context shows that Narbada Gems has been performing well compared to the Sensex, particularly in the short term, with a 40.25% increase over the past month while the benchmark has slightly decreased by 0.24%. Despite this strong performance, the stock faces challenges such as a weak long-term fundamental strength indicated by a low average Return on Capital Employed (ROCE) of 9.76% and flat results in recent quarterly earnings. Additionally, there has been a decline in investor participation, with delivery volume falling by 24.86% against the 5-day average. These factors suggest that while the stock is currently rising, there are concerns about its long-term growth potential and profitability.