Why is Spacenet Enterpr falling/rising?

As of 04-Jul, Spacenet Enterprises India Ltd's stock price is currently at 7.73, reflecting an increase of 0.34 or 4.6%. The stock has shown a strong performance today, outperforming its sector by 4.73%. In terms of returns, the stock has increased by 9.18% over the past week, although it has faced significant declines over the past month and year, with returns of -10.01% and -76.33%, respectively. The company benefits from a low debt-to-equity ratio and healthy long-term growth, as evidenced by an annual operating profit growth rate of 124.90%. However, it also faces challenges, such as poor management efficiency indicated by a low return on equity of 4.90%, which may impact investor sentiment.
In the broader market context, while the Sensex has experienced a slight decline of 0.69% over the past week, Spacenet's short-term performance has been notably better, indicating a divergence from the overall market trend. Despite this recent uptick, the stock has significantly underperformed the market over the past year, where the BSE500 has generated returns of 2.13%. This stark contrast highlights the challenges Spacenet faces in regaining investor confidence, despite some positive indicators in its financial performance.