Why is PNGS Gargi FJ falling/rising?

As of 17-Sep, PNGS Gargi Fashion Jewellery Ltd is currently priced at 856.50, reflecting an increase of 9.5 points or 1.12%. Today's price summary indicates that the stock has outperformed its sector by 1.64% and has experienced a trend reversal, gaining after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the longer term. The stock's performance over the past week and month shows declines of 0.85% and 1.03%, respectively, while it has significantly underperformed the benchmark Sensex, which has risen by 1.56% and 2.60% in the same periods. Despite a low debt-to-equity ratio and strong long-term growth in net sales and operating profit, recent quarterly results have shown declines in profit before tax, profit after tax, and net sales compared to previous quarters, contributing to a negative outlook.
Broader market context reveals that while PNGS Gargi FJ has struggled with a year-to-date return of -35.09%, the Sensex has gained 5.83% during the same timeframe. The stock's lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence among institutional investors, further impacting its price movement. The stock's valuation appears expensive with a price-to-book value of 8.9, despite its profits rising by 34.1% over the past year. This combination of underperformance against the benchmark, declining quarterly financial metrics, and cautious sentiment from institutional investors suggests that the stock's recent rise may not be sustainable without significant improvements in its financial performance.