Why is Patel Integrated falling/rising?

As of 01-Jul, Patel Integrated Logistics Ltd is experiencing a price increase, currently at Rs 17.64, reflecting a rise of 1.13 or 6.84%. The stock has shown strong performance recently, gaining 13.88% over the last two days and outperforming its sector by 7.32% today. It opened with a significant gain of 9.02% and reached an intraday high of Rs 18. Despite a year-to-date decline of 17.65% and a one-year drop of 24.52%, the stock's profits have increased by 37.2%, resulting in a PEG ratio of 0.6, indicating a fair valuation. However, the company has a weak long-term fundamental strength, with a negative CAGR growth in net sales over the last five years and a low return on equity of 3.41%, which may temper investor enthusiasm.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark Sensex, which has only increased by 2.00% over the past week and 2.76% over the past month. While the stock has shown resilience in the short term, its long-term underperformance relative to the market, with a one-year return of -24.52% compared to the Sensex's 5.31%, raises concerns about its sustainability. The stock's recent gains may be driven by increased investor participation and liquidity, but the underlying fundamentals suggest caution for long-term investors.