Why is Saraswati Commer falling/rising?

As of 09-Jul, Saraswati Commercial (India) Ltd's stock price is currently at Rs 13,955.00, reflecting an increase of Rs 110.0 or 0.79%. The stock has shown a positive trend recently, gaining for the last two days with a total return of 2.37%. Despite a day’s low of Rs 13,402.55, the stock has outperformed its sector by 0.41%. Over the past year, it has generated a notable return of 45.84%, significantly higher than the broader market's return of 1.43%. However, it is important to note that the company has faced operating losses and a substantial decline in profits, with a 48.6% drop in earnings over the past year, which could weigh on investor sentiment.
In the broader market context, while the stock has outperformed the benchmark in the long term, its short-term performance has been less favorable, with a 2.76% decline over the past week compared to a slight increase of 0.15% in the Sensex. The stock is trading at a premium relative to its peers, which may affect its attractiveness to investors. However, rising promoter confidence, indicated by a 1.67% increase in their stake, suggests a belief in the company's future potential, which could support the stock's price amidst its recent challenges.