Why is Sindhu Trade falling/rising?

As of 03-Jul, Sindhu Trade Links Ltd is experiencing a price increase, currently at Rs 29.95, which reflects a rise of Rs 2.05 or 7.35%. The stock has recently hit a new 52-week high of Rs 30.25 and has outperformed its sector by 7.81%. Over the past week, the stock has surged by 18.15%, and it has shown impressive returns of 34.18% over the past month and 46.67% over the past year, significantly outperforming the broader market. The company’s attractive valuation, indicated by a Price to Book Value of 2.9 and a PEG ratio of 0.5, combined with a notable increase in investor participation, with delivery volume rising by 141.04%, suggests a positive sentiment among investors despite some underlying weaknesses such as operating losses.
Broader market context indicates that while Sindhu Trade Links Ltd has been performing well, the benchmark Sensex has seen a slight decline of 0.62% over the past week. The stock's strong performance contrasts sharply with the market, particularly as it has generated a return of 46.67% over the last year compared to the BSE500's mere 2.20%. However, the company does face challenges, including weak long-term fundamental strength and low domestic mutual fund holdings, which may indicate caution among institutional investors. Overall, the stock's recent rise can be attributed to its strong short-term performance and positive investor sentiment, despite some significant operational concerns.