Why is Sindhu Trade falling/rising?

As of 01-Jul, Sindhu Trade Links Ltd is experiencing a price increase, currently at Rs 28.66, reflecting a rise of 2.75 or 10.61%. The stock has recently hit a new 52-week high of Rs 29.7, showing a strong performance today by outperforming its sector by 10.17%. Over the past week, the stock has gained 12.26%, and in the last month, it has surged by 32.07%. Despite these positive movements, there are concerns regarding falling investor participation, as delivery volume has decreased significantly by 82.55% compared to the 5-day average. The company has an attractive valuation with a return on equity of 7.6 and a price-to-book value of 2.7, trading at a discount to its peers. However, it also faces challenges, including operating losses and a weak long-term fundamental strength, which may affect investor confidence.
In the broader market context, Sindhu Trade Links Ltd has outperformed the benchmark, with a one-year return of 40.35% compared to the BSE500's 3.20%. This substantial outperformance highlights the stock's strong market-beating performance, particularly given its profit growth of 71.8% over the same period. However, the stock's long-term outlook is clouded by negative financial results, including significant operating losses and low cash reserves, which may deter potential investors. The limited interest from domestic mutual funds, holding only 0.05% of the company, suggests a lack of confidence in the stock's future performance despite its recent gains.