Why is Tasty Bite Eat. falling/rising?

As of 05-Sep, Tasty Bite Eatables Ltd's stock price is currently at 9,599.50, reflecting an increase of 92.85 (0.98%). Today's price summary indicates that the stock has outperformed its sector by 1.87% and has experienced a trend reversal, gaining after two consecutive days of decline. The stock is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 241.33% against the 5-day average. Despite a poor long-term growth outlook, the company has reported positive results over the last three consecutive quarters, with net sales growing at 32.62% and a low debt-equity ratio of 0.23 times, which may contribute to the recent uptick in stock price.
In the broader market context, Tasty Bite's stock has underperformed the benchmark Sensex over various periods, including a -11.71% return over the past month compared to a flat performance from the index. While the stock has generated a -31.08% return over the last year, it is trading at a discount compared to its peers' historical valuations, and its profits have risen significantly by 127.6%. However, the lack of domestic mutual fund investment may indicate a lack of confidence in the stock's future performance, which could weigh on its long-term prospects despite the recent positive momentum.