Why is Vama Industries falling/rising?

As of 01-Jul, Vama Industries Ltd's stock price is currently at 6.97, reflecting an increase of 0.27 or 4.03%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this positive movement today, the stock has underperformed in the short term, with a 1-week return of -2.24% compared to the Sensex's gain of +2.00%. The stock's performance over the last month is more favorable, with a return of +6.41%, while it has experienced significant declines year-to-date and over the past year, with returns of -22.21% and -17.22%, respectively. The company's recent positive financial results, including a 275% growth in net sales and a return on equity of 9.7, suggest an attractive valuation, but concerns about long-term fundamental strength and high promoter share pledges may be weighing on investor sentiment.
In the broader market context, Vama Industries' recent performance contrasts with the benchmark, as it has lagged behind the Sensex in both short-term and long-term returns. The stock's ability to attract investor participation appears to be declining, as evidenced by a drop in delivery volume. While the stock has outperformed its sector today, the overall weak long-term fundamentals, including a negative CAGR growth in operating profits and a poor EBIT to interest ratio, indicate potential risks that could hinder future performance. The combination of positive recent results and ongoing concerns about debt servicing and profitability suggests a complex outlook for the stock amidst a generally favorable market environment.