Why is Spice LoungeFood falling/rising?

As of 15-Oct, Spice LoungeFood Works Ltd is currently priced at 40.00, reflecting a slight increase of 0.01 (0.03%). The stock has been on an upward trend, gaining 10.71% over the last four days, although it has underperformed its sector by 2.13% today. In terms of returns, the stock has shown a significant year-to-date increase of 339.56%, despite a decline of 7.75% over the past month. Positive financial results reported on June 25, including the highest quarterly PBDIT, PBT, and PAT, have contributed to the stock's recent gains. However, the stock's valuation appears very expensive with a Price to Book Value of 25.7, and the return on equity stands at a low 5.2%. Additionally, promoter confidence has waned, with a 2.68% reduction in their stake, indicating potential concerns about the company's future.
In the broader market context, the Sensex has increased by 1.02% over the past week, while Spice LoungeFood has outperformed this benchmark with an 8.52% gain. Despite this short-term outperformance, the stock's longer-term performance shows a stark contrast, with a flat return of 0.00% over the past year compared to the Sensex's 0.96% increase. The finance/NBFC sector has also seen a gain of 2.24%, which may reflect a more favorable environment for related stocks, yet Spice LoungeFood's recent price movement suggests mixed signals from both its financial performance and investor sentiment.