Why is Pasupati Fincap falling/rising?

As of 02-Sep, Pasupati Fincap Ltd's stock price is currently at 28.68, reflecting an increase of 0.94 or 3.39%. The stock has shown strong performance recently, gaining 26.96% over the last 10 days and outperforming its sector by 3.52% today. Additionally, it has outperformed the benchmark Sensex over the past week and month, with returns of 12.87% and 14.77%, respectively. Despite a significant annual return of 240.21%, the company's profits have declined by 0%, and it has a negative book value, indicating weak long-term fundamental strength. Furthermore, promoter confidence has waned, as they have reduced their stake by 11.51%, which may negatively impact investor sentiment.
Broader Market Context: In the context of the broader market, Pasupati Fincap's recent performance stands out, especially as the BSE500 index has generated negative returns of -4.82% over the past year. This stark contrast highlights the stock's ability to deliver substantial returns despite a challenging market environment. The stock's liquidity is also favorable, with a significant increase in delivery volume, suggesting heightened investor interest. Overall, while the stock is currently rising, concerns about long-term growth and promoter confidence may pose risks moving forward.