Why is SG Mart falling/rising?

As of 10-Jun, SG Mart Ltd's stock price is rising, currently at 413.65, reflecting an increase of 19.5 or 4.95%. The stock has shown strong performance recently, outperforming its sector by 4.7% today and achieving consecutive gains over the last four days, with an overall return of 11.8% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive technical trend. Despite a significant drop in delivery volume, the company has demonstrated healthy long-term growth, with net sales increasing at an annual rate of 461.00% and operating profit at 141.86%. However, it is important to note that the company has a low return on equity (ROE) of 4.03%, which suggests low profitability per unit of shareholders' funds.
In the broader market context, SG Mart's short-term return of 9.77% over the past week significantly outpaces the Sensex's return of 2.05% during the same period. While the stock has underperformed the market over the past year, with a return of -10.83% compared to the Sensex's 7.72%, its recent performance indicates a potential recovery. The stock's valuation remains relatively expensive, trading at a price-to-book value of 3.9, which may affect investor sentiment. Overall, the combination of strong recent performance, positive growth indicators, and the broader market's favorable conditions contribute to the stock's upward movement.