Why is Urja Global falling/rising?

As of 04-Aug, Urja Global Ltd's stock price is currently at 14.10, reflecting an increase of 0.29 or 2.1%. The stock has shown a trend reversal, gaining after two consecutive days of decline. However, it is trading below its moving averages across various time frames, indicating a generally bearish trend. Despite outperforming its sector by 1.4% today, the stock has experienced a significant decline over the past month and year, with returns of -7.54% and -33.11%, respectively. Positive factors include the company's consistent performance over the last four quarters, with net sales growing by 54.66% and achieving its highest quarterly profit after tax at Rs 0.50 crore. However, the company faces challenges with weak long-term fundamentals, including a negative CAGR growth in net sales and low profitability, as indicated by a return on equity of only 1.11%.
In the broader market context, Urja Global's recent performance contrasts with the Sensex, which has shown a slight increase of 0.16% over the past week. While the stock has outperformed the sector today, its overall performance has been underwhelming compared to the benchmark, particularly over the last year and three years, where it has underperformed significantly. Additionally, the reduction in promoter stake by 0.78% may signal a lack of confidence in the company's future prospects, further contributing to the stock's volatility and investor sentiment. Overall, while there are some positive indicators, the combination of weak fundamentals and declining promoter confidence suggests a challenging outlook for Urja Global Ltd.