Why is Saraswati Commer falling/rising?

As of 20-Aug, Saraswati Commercial (India) Ltd is experiencing a price increase, currently at Rs 14,490.00, reflecting a rise of 232.9 points or 1.63%. The stock has shown a positive trend today, gaining after two consecutive days of decline, and it outperformed its sector by 2.14%. Over the past week, the stock has risen by 10.86%, while its performance over the last month shows a 3.83% increase. However, despite this recent uptick, the company has reported negative results for the last three consecutive quarters, with a significant decline in profits and net sales. This weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 11.94%, along with a high price-to-book value ratio, suggests that the stock may be trading at a premium compared to its peers, which could impact investor sentiment.
In the broader market context, the stock's short-term performance has significantly outpaced the benchmark, with a 10.86% increase over the past week compared to the Sensex's 1.64% rise. Despite the stock's strong performance in the short term, it has underperformed year-to-date with a decline of 26.09% against the Sensex's 4.76% gain. The overall market has generated negative returns of -1.20% in the last year, yet Saraswati Commercial has managed to deliver a positive return of 22.03%, indicating a divergence in performance that may attract some investors. However, the lack of domestic mutual fund investment suggests caution, as their absence may indicate a lack of confidence in the stock's valuation and future prospects.