Why is Vakrangee falling/rising?

As of 23-Jul, Vakrangee Ltd's stock price is currently at 9.99, reflecting an increase of 0.21 or 2.15%. The stock has shown positive momentum, gaining 2.99% over the last two days and outperforming its sector by 1.7% today. In the past week, it has risen by 0.81%, and over the last month, it has increased by 8.00%. Despite these short-term gains, the stock has a troubling long-term performance, with a year-to-date decline of 70.74% and a one-year return of -54.47%. The company has reported positive results for the last five consecutive quarters, with net sales growing by 24.29% and a significant increase in profit before tax. However, it also faces challenges, including a poor long-term growth rate and a high price-to-book value ratio, which may deter investors.
In the broader market context, Vakrangee's recent performance contrasts with the Sensex, which has only increased by 0.11% over the past week and 1.01% over the past month. While the stock's short-term returns are positive, the long-term outlook remains bleak, as indicated by its significant underperformance compared to the benchmark indices over various periods. The lack of domestic mutual fund investment suggests a lack of confidence in the stock's valuation, further complicating its market position. Overall, while there are positive short-term indicators, the long-term challenges and valuation concerns continue to weigh heavily on investor sentiment.