Why is Vama Industries falling/rising?

As of 15-Jul, Vama Industries Ltd is currently priced at 6.64, reflecting an increase of 0.14 or 2.15%. The stock has shown a trend reversal by gaining after two consecutive days of decline, outperforming its sector by 0.97%. Despite this short-term gain, the stock has underperformed significantly over longer periods, with a year-to-date decline of 25.89% and a one-year drop of 40.39%. The company's recent positive financial results, including a 275% growth in net sales and a 133.6% increase in profits over the past year, suggest potential for recovery. However, the stock is trading below all key moving averages, indicating ongoing weakness. Additionally, the presence of pledged promoter shares and a weak long-term fundamental strength contribute to the stock's volatility.
In the broader market context, Vama Industries' recent performance contrasts with the benchmark Sensex, which has gained 5.67% year-to-date. While the stock has outperformed the sector in the short term, its long-term returns remain concerning, with a three-year decline of 14.98% compared to the Sensex's 53.59% increase. This disparity highlights the challenges Vama Industries faces in regaining investor confidence, especially given its weak operating profit growth and low return on equity. The stock's liquidity appears adequate for trading, but the overall negative sentiment surrounding its long-term performance may continue to weigh on its price movements.