Why is Qgo Finance falling/rising?

As of 24-Sep, Qgo Finance Ltd's stock price is currently at 45.38, reflecting an increase of 2.41 or 5.61%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and opened with a 2.4% gain. It outperformed its sector by 5.7% and reached an intraday high of Rs 45.8. Despite a year-to-date decline of 16.61% and a one-year return of -30.72%, the stock has demonstrated strong performance over the longer term, with a three-year return of 85.22%. The stock's attractive valuation, indicated by a return on equity (ROE) of 16.4 and a price-to-book value of 1.7, suggests it is trading at fair value compared to peers. However, the stock has faced challenges, including a decline in profits of 1.7% over the past year.
In the broader market context, Qgo Finance's short-term performance has been more favorable compared to the benchmark, as it has gained 1.73% over the past week while the Sensex has declined by 1.18%. This indicates that the stock is currently outperforming the market. However, it is important to note that the stock has underperformed over the last year, with a significant drop compared to the market's overall negative return of -5.32%. The rising investor participation, with a notable increase in delivery volume, suggests growing interest in the stock, which may contribute to its recent price increase despite the underlying long-term fundamental weaknesses.