Why is Swastika Investm falling/rising?

As of 02-Jul, Swastika Investmart Ltd's stock price is currently at Rs 132.75, reflecting an increase of Rs 2.05 or 1.57%. The stock has shown strong performance recently, gaining 17.48% over the last seven days and outperforming its sector by 2.8% today. It reached an intraday high of Rs 135, although it also experienced a low of Rs 126.6. Despite a year-to-date decline of 26.21%, the stock has performed well in the short term, with a weekly return of 11.74% compared to the Sensex's 0.79%. The company's fundamentals remain strong, with a return on equity of 19.23% and a significant increase in operating profit, although recent quarterly net sales and profit figures have shown declines.
Broader Market Context: In the context of the broader market, Swastika Investmart has underperformed over the past year, generating a negative return of 13.03% while the BSE500 index has returned 3.11%. However, the stock's recent upward movement contrasts with this longer-term trend, indicating a potential recovery phase. The rising promoter confidence, with a 4.86% increase in their stake, suggests a positive outlook for the company's future, which may be contributing to the stock's current rise despite its previous underperformance.