Why is Sancode Tech. falling/rising?

As of 23-Jun, Sancode Technologies Ltd is experiencing a price increase, currently at 56.99, reflecting a change of 1.11 or 1.99% upward. The stock has shown a strong performance over the past week with a return of +4.02%, significantly outperforming the Sensex, which only gained +0.12%. However, the stock has been erratic in trading, not trading on 2 out of the last 20 days, and has seen a decline in delivery volume by 28.57% against its 5-day average. Despite this, the company has reported positive results for September 2024, with the highest quarterly figures for PBDIT, PBT, and PAT, which may contribute to the recent upward movement. Nonetheless, the long-term fundamentals remain weak, as the company has not declared results in the last six months, and its ability to service debt is concerning, indicated by a poor EBIT to Interest ratio of -0.39.
In the broader market context, while Sancode Technologies has outperformed the benchmark in the short term, it has consistently underperformed over the longer term, with a year-to-date return of -17.70% compared to the Sensex's +4.81%. This consistent underperformance over the last three years, alongside a significant decline in long-term growth and a high Price to Book Value ratio, suggests that investor confidence may be wavering despite the recent uptick in stock price. The stock's performance today, which outperformed its sector by 3.43%, indicates some positive sentiment, but the overall weak fundamentals and declining investor participation could pose challenges for sustained growth.