Why is Vama Industries falling/rising?

As of 22-Jul, Vama Industries Ltd's stock price is currently at 6.62, reflecting an increase of 0.07 or 1.07%. The stock has been gaining for the last two days, with a total return of 2.64% during this period. However, despite this recent uptick, the stock has underperformed significantly over longer periods, with a decline of 35.67% over the past year and 26.12% year-to-date. Positive factors contributing to the recent price movement include a remarkable growth in net sales of 275% and a strong profit after tax (PAT) of Rs 1.47 crore, alongside an attractive valuation with a price-to-book ratio of 1.9. Conversely, the stock faces challenges such as weak long-term fundamental strength, a negative compound annual growth rate (CAGR) in operating profits over the last five years, and a significant portion of promoter shares being pledged, which could exert downward pressure in a falling market.
In the broader market context, Vama Industries has outperformed its sector by 1.3% today, while the benchmark Sensex has seen a decline of 0.47% over the past week. Despite this short-term outperformance, the stock's long-term performance remains concerning, as it has generated a return of -35.67% over the last year compared to the Sensex's gain of 2.09%. The stock's recent gains may be attributed to positive quarterly results and attractive valuations, but the overall weak performance in the long term and declining investor participation suggest caution among investors.