Why is Sancode Tech. falling/rising?

As of 01-Aug, Sancode Technologies Ltd is experiencing a rise in its stock price, currently at Rs 70.22, which reflects an increase of Rs 3.34 or 4.99%. The stock has shown strong performance recently, outperforming its sector by 6.59% today and achieving a consecutive gain over the last three days, resulting in a total return of 15.66% during this period. Additionally, the stock has performed well over the past month with a return of 28.26%, while the benchmark Sensex has declined by 3.70%. Positive financial results anticipated in September, including the highest quarterly profit after tax of Rs 0.14 crore, contribute to the stock's upward momentum. However, concerns regarding the company's long-term fundamental strength, such as a lack of declared results in the past six months and a weak EBIT to Interest ratio, may temper investor enthusiasm.
In the broader market context, Sancode Technologies has significantly outperformed the benchmark BSE500, which has recorded negative returns of -4.13% over the past year, while Sancode has achieved a positive return of 15.11%. This stark contrast highlights the stock's resilience in a challenging market environment. Despite the recent gains, the stock's long-term growth prospects remain questionable due to its weak fundamentals and high valuation metrics, which could influence future investor sentiment.