Why is Starcom Info. falling/rising?

As of 23-Jul, Starcom Information Technology Ltd's stock price is currently at Rs 62.76, reflecting an increase of Rs 2.98 or 4.98%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 15.67% during this period. Despite this recent performance, the stock has a negative long-term outlook, characterized by a negative book value and weak fundamental strength, as evidenced by a significant decline in net sales and operating profit over the past five years. Additionally, the reduction in promoter confidence, with a 9.21% decrease in their stake, raises concerns about the company's future prospects.
In the broader market context, Starcom's short-term performance of 15.64% over the past week significantly outpaces the Sensex, which only increased by 0.11% during the same timeframe. However, the stock's year-to-date performance remains poor, with a decline of 45.43% compared to the Sensex's gain of 5.87%. This consistent underperformance against the benchmark over the last three years highlights the stock's volatility and the risks associated with its current valuation, despite the recent gains.