Why is Nath Bio-Genes falling/rising?

As of 07-Jul, Nath Bio-Genes (India) Ltd is experiencing a price increase, currently at Rs 222.50, reflecting a rise of Rs 6.55 or 3.03%. The stock has shown strong performance recently, gaining 7.75% over the past week and 16.19% over the last month, while outperforming its sector by 3.14% today. It has also been on a consecutive gain streak for the last three days, with a total return of 7.13% during this period. Despite a negative return of -12.86% over the past year, the stock is trading at a discount compared to its peers, with a very attractive valuation indicated by a Price to Book Value of 0.7. However, it is important to note that the company has declared negative results for the last three consecutive quarters, which may weigh on investor sentiment.
In the broader market context, Nath Bio-Genes has outperformed the Sensex, which has seen a slight decline of -0.20% over the past week. While the stock has shown positive short-term returns, it has consistently underperformed against the benchmark over the last three years, with a significant decline of -12.86% in the past year compared to the Sensex's gain of 4.31%. This mixed performance highlights the stock's volatility and the challenges it faces despite recent gains, particularly in light of its weak long-term fundamental strength and declining profits.