Why is Nila Spaces falling/rising?

As of 09-Jun, Nila Spaces Ltd is experiencing a significant rise in its stock price, currently at Rs 13.01, reflecting an increase of 1.18 or 9.97%. The stock has shown strong performance recently, with a consecutive gain over the last three days, resulting in a total return of 21.14% during this period. Additionally, it has outperformed its sector by 9.74% today and opened with a gain of 3.63%. The stock is trading above its moving averages across various time frames, indicating positive momentum. However, despite these gains, the company has a low Return on Equity (ROE) of 4.17%, which suggests poor management efficiency and profitability concerns. Furthermore, while the stock has generated a remarkable 79.70% return over the past year, its operating profit growth has been relatively modest at 9.8%, raising questions about its valuation.
In the broader market context, Nila Spaces has outperformed the Sensex significantly in the short term, with a 1-week return of 17.74% compared to the Sensex's 1.32%. This strong performance highlights the stock's appeal in the current market environment, especially given its low debt-to-equity ratio of 0.03 times and healthy long-term growth prospects with an annual operating profit growth rate of 59.49%. However, the stock's technical trend remains sideways, indicating a lack of clear price momentum, which could temper investor enthusiasm despite the recent gains. Overall, while the stock is rising, concerns about management efficiency and profitability may influence future performance.