Why is Valiant Laborato falling/rising?

As of 24-Jun, Valiant Laboratories Ltd's stock price is rising, currently at Rs 117.00, reflecting an increase of Rs 5.25 or 4.7%. The stock has shown a strong performance today, outperforming its sector by 4.49% and has been on a consecutive gain streak for the last three days, accumulating a total return of 8.79% during this period. It opened with a gain of 3.8% today and reached an intraday high of Rs 117.3. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Positive financial results, including a higher profit after tax and record net sales, have contributed to the stock's upward movement. However, there are concerns regarding its long-term fundamental strength, as evidenced by a negative return on equity and declining sales growth over the past five years.
In the broader market context, Valiant Laboratories has outperformed the Sensex with a 1-week return of 3.36% compared to the benchmark's 0.58%, and a 1-month return of 11.96% against 0.41%. Despite these short-term gains, the stock has consistently underperformed over the long term, with a 1-year return of -17.23% compared to the Sensex's 6.10%. The recent increase in institutional investor participation, with a 0.64% rise in their stake, indicates a growing confidence in the company's potential, which may be supporting the stock's current rise. However, the overall weak long-term fundamentals and negative EBITDA present risks that could affect future performance.