Why is Vakrangee falling/rising?

As of 04-Jul, Vakrangee Ltd's stock price is currently at 10.10, reflecting an increase of 0.18 or 1.81%. The stock has shown a positive trend today, outperforming its sector by 1.1% and reversing a two-day decline. In the past week, it has gained 4.12%, while its performance over the last month is a modest increase of 1.51%. Despite this short-term recovery, the stock has significantly underperformed over longer periods, with a year-to-date decline of 70.42% and a one-year drop of 54.50%. The company has reported positive results for the last five consecutive quarters, with net sales growing by 24.29% and a notable increase in profit after tax, which may contribute to the recent uptick in stock price. However, the long-term outlook remains concerning due to a negative annual growth rate in net sales and operating profit over the past five years, alongside a high price-to-book value ratio compared to peers.
In the broader market context, while Vakrangee's short-term performance has been positive, it has consistently underperformed against the benchmark, with a stark contrast in returns over the past three years, where it has generated -58.02% compared to the Sensex's +56.73%. The stock's recent rise may be attributed to increased investor participation, as indicated by a rise in delivery volume, but the overall sentiment is tempered by decreasing promoter confidence, as they have reduced their stake in the company. This reduction may signal a lack of confidence in the company's future prospects, which could weigh on the stock's performance moving forward.