Why is Vakrangee falling/rising?

As of 16-Jul, Vakrangee Ltd's stock price is currently at 9.91, reflecting a slight increase of 0.01 (0.1%). The stock has shown a positive trend recently, gaining 0.81% over the last two days, although it underperformed its sector by 0.37% today. In terms of longer-term performance, the stock has experienced a significant decline, with a year-to-date drop of 70.97% and a one-year return of -53.89%. Despite this, 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 before tax. However, the stock's long-term growth remains concerning, with a negative annual growth rate in net sales and operating profit over the past five years, alongside a high price-to-book value ratio that suggests it is trading at a premium compared to peers.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 5.75% year-to-date. While the stock has shown some short-term gains, its long-term trajectory raises concerns, especially with a return of -62.67% over the past three years compared to the Sensex's 53.71% increase. Additionally, the reduction in promoter stake by 1.62% may indicate a lack of confidence in the company's future, further complicating its market position. Overall, while there are some positive indicators in the short term, the long-term outlook remains challenging for Vakrangee Ltd.