Why is Spacenet Enterpr falling/rising?

As of 02-Jul, Spacenet Enterprises India Ltd's stock price is currently at 7.47, reflecting an increase of 0.33 or 4.62%. The stock has outperformed its sector today by 4.68%, although it remains lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 5.36%, contrasting with its significant decline of 12.94% over the past month and a staggering 77.04% drop over the past year. Despite these negative long-term trends, the company has demonstrated healthy long-term growth with an operating profit that has grown at an annual rate of 124.90%. The low debt-to-equity ratio and fair valuation compared to peers suggest potential for recovery, although the low return on equity (ROE) of 4.90% indicates management efficiency issues.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.83% over the past week and 2.98% over the past month. The significant underperformance of Spacenet Enterprises in the last year, with a return of -77.04% compared to the market's 3.11%, highlights the challenges the company faces. While the stock's recent uptick may be a response to its strong quarterly operating profit figures, the overall negative sentiment stemming from its long-term performance and management efficiency concerns continues to weigh heavily on investor confidence.