Why is Sindhu Trade falling/rising?

As of 18-Jul, Sindhu Trade Links Ltd is experiencing a price increase, currently at 32.90, with a change of 0.12, representing a rise of 0.37%. The stock has shown strong performance recently, outperforming its sector by 0.76% today and trading above all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has risen by 4.88%, and it has delivered an impressive 74.81% return over the past year, significantly outperforming the broader market, which has seen negative returns. Despite the operating losses and weak long-term fundamentals indicated by a low return on equity and negative profit after tax, the stock is trading at a discount compared to its peers, which may attract investors looking for value.
In the broader market context, while the BSE500 index has generated negative returns of -0.36% over the last year, Sindhu Trade Links Ltd has managed to achieve a remarkable return of 74.81%, indicating strong investor interest despite the overall market conditions. The significant increase in delivery volume, which rose by 359.54% against the 5-day average, suggests rising investor participation, further supporting the stock's upward movement. However, the low stake held by domestic mutual funds may reflect caution regarding the company's long-term prospects, which could temper enthusiasm among some investors.