Why is PNB Gilts falling/rising?

As of 21-Jul, PNB Gilts Ltd is experiencing a price increase, currently at 100.33, reflecting a rise of 1.52 or 1.54%. The stock has shown a positive trend today, having outperformed its sector by 0.68% and reversing a two-day decline. Over the past week, the stock has gained 3.70%, while it has increased by 6.92% over the past month. Despite a year-to-date decline of 7.57% and a significant drop of 18.93% over the past year, the company's profits have surged by 251.3%, contributing to a favorable PEG ratio of 0. However, the stock's long-term fundamental strength is questioned due to a below-average ROE of 13.28% and a lack of domestic mutual fund investment, indicating potential investor hesitance.
In the broader market context, PNB Gilts' recent performance contrasts with the Sensex, which has seen a slight decline of 0.06% over the past week and a 0.25% drop over the past month. While the stock has outperformed the benchmark in the short term, its long-term performance remains concerning, as it has underperformed the BSE500 over various time frames. The liquidity of the stock is adequate for trading, but a significant drop in delivery volume suggests falling investor participation, which could impact future price movements.