Why is TGB Banquets falling/rising?

As of 10-Jun, TGB Banquets & Hotels Ltd is experiencing a price increase, currently at 12.68, reflecting a rise of 0.96 or 8.19%. The stock has shown strong performance recently, with a consecutive gain over the last two days resulting in a total return of 14.34%. It has outperformed its sector by 8.3% today and has a delivery volume that has increased by 60.63% compared to the 5-day average, indicating rising investor participation. Despite a year-to-date decline of 8.45%, the stock has performed well over the past month with a return of 36.20%. Positive quarterly results, including the highest net sales and profit after tax, along with a very attractive valuation relative to peers, contribute to the stock's upward movement. However, concerns about weak long-term fundamental strength and a high percentage of pledged promoter shares may temper investor enthusiasm.
In the broader market context, TGB Banquets has significantly outperformed the benchmark Sensex in the short term, with a weekly return of 20.19% compared to the Sensex's 2.05%. While the stock has underperformed over the past year with a return of -11.76% against the Sensex's 7.72%, its recent gains suggest a potential recovery phase. The stock's technical indicators show it is in a mildly bearish range, which could influence future price movements. Overall, while there are positive short-term indicators, the long-term outlook remains mixed due to fundamental weaknesses.