Why is Saraswati Commer falling/rising?

As of 23-Jun, Saraswati Commercial (India) Ltd is experiencing a price increase, currently at 14,056.70, reflecting a rise of 669.35 or 5.0%. The stock has shown strong performance today, outperforming its sector by 4.47%, and has gained consecutively for the last six days, accumulating a total return of 15.93% during this period. Additionally, the stock opened with a 5% gain and reached an intraday high of Rs 14,056.70. While the stock has had a challenging month and year-to-date performance, it has generated impressive returns of 109.51% over the past year and 449.81% over the last three years. The recent increase in promoter confidence, with a 1.67% increase in their stake, signals positive sentiment about the company's future, despite the backdrop of operating losses and declining sales.
In the broader market context, the stock's short-term return of +13.65% over the past week significantly outpaces the Sensex, which only increased by 0.12% during the same period. This indicates that the stock is not only gaining traction among investors but is also attracting increased participation, as evidenced by a 94.5% rise in delivery volume. However, it is important to note that the company faces long-term challenges, including operating losses and a high valuation compared to its peers, which could temper investor enthusiasm moving forward.