Why is Saffron Industri falling/rising?

As of 04-Jul, Saffron Industries Ltd's stock price is rising, currently at Rs. 15.21, reflecting an increase of 0.72 (4.97%). The stock has recently hit a new 52-week high and has shown strong performance, gaining 14.97% over the last two days. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the company has reported positive results for the last three consecutive quarters, with significant increases in PBDIT, PBT, and PAT. However, despite these positive indicators, the stock has a negative book value and a weak long-term fundamental strength, which raises concerns about its sustainability.
In the broader market context, Saffron Industries has outperformed the benchmark Sensex significantly, with a 1-week return of +9.03% compared to the Sensex's -0.74%. The stock's year-to-date performance stands at +117.29%, while the Sensex has only gained +6.77%. Despite the stock's recent gains, there is a noted decline in investor participation, with delivery volume falling by 53.15% against the 5-day average. This could indicate caution among investors, despite the stock's strong short-term performance and market-beating returns over the past year and three years.