Why is Spice LoungeFood falling/rising?

As of 29-Sep, Spice LoungeFood Works Ltd is experiencing a price increase, currently at 39.96, reflecting a rise of 0.78 or 1.99%. The stock has shown a positive trend recently, gaining 6.08% over the last three days and outperforming its sector by 1.32% today. Despite a decline of 9.67% over the past month, the stock has had an impressive year-to-date return of 339.12%. Positive financial results reported on June 25, including the highest quarterly PBDIT, PBT, and PAT, have likely contributed to the stock's recent upward movement. However, concerns about valuation persist, as indicated by a high Price to Book Value of 25.6 and a low return on equity of 5.2%. Additionally, the reduction of promoter stake by 2.68% may signal diminished confidence in the company's future prospects.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 1.91% over the past week while the Sensex has declined by 2.18%. This divergence suggests that Spice LoungeFood is currently attracting investor interest despite broader market challenges. The stock's liquidity appears sufficient for trading, with a notable increase in delivery volume, which may indicate growing investor participation. Overall, while the stock is rising, the mixed signals from financial performance and promoter confidence could influence future price movements.