Why is PNGS Gargi FJ falling/rising?

As of 11-Aug, PNGS Gargi Fashion Jewellery Ltd is experiencing a price increase, currently at Rs 809.00, reflecting a rise of 17.95 or 2.27%. Despite this uptick, the stock has shown a negative performance over the past month, down 8.90%, and has significantly underperformed year-to-date with a decline of 38.69%. Today's price movement indicates a trend reversal after two consecutive days of decline, and the stock has outperformed its sector by 2.13%. However, it remains close to its 52-week low, only 3.58% away, and is trading below all key moving averages, which suggests ongoing bearish sentiment. The company's financials reveal a low Debt to Equity ratio, but recent quarterly results show declines in profit before tax, profit after tax, and net sales compared to previous averages, contributing to a perception of weakness.
In the broader market context, the stock's short-term performance of -0.14% over the past week is better than the benchmark Sensex, which has declined by 0.51%. However, the long-term outlook remains concerning, as the stock has underperformed the BSE500 over the past year and three years. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the stock's valuation or business prospects, further complicating its market position. Overall, while the recent price increase may suggest a temporary rebound, the underlying fundamentals and broader market trends indicate significant challenges ahead for PNGS Gargi Fashion Jewellery Ltd.