Why is Viji Finance falling/rising?

As of 15-Jul, Viji Finance Ltd's stock price is currently at 2.51, reflecting an increase of 0.19 or 8.19%. The stock has shown strong performance today, outperforming its sector by 7.38%. Additionally, it has higher moving averages compared to the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day moving average. Notably, there has been a significant rise in investor participation, with delivery volume increasing by 117.03% against the 5-day average. Despite a year-to-date decline of 22.53%, the stock has seen a positive trend in the last week, gaining 8.19%, which may be attributed to positive quarterly results, including the highest PBDIT, PBT, and PAT figures recorded.
In the broader market context, while Viji Finance has outperformed the Sensex by a considerable margin in the short term, it has underperformed over the longer term, with a year-to-date decline compared to the Sensex's gain of 5.67%. The stock's weak long-term fundamental strength, indicated by a low return on equity of 2.53% and a high price-to-book value ratio of 2.9, raises concerns about its valuation despite recent positive results. The stock's performance over the past year, with a return of -14.63%, suggests that while there may be short-term gains, the long-term outlook remains challenging, particularly given its underperformance relative to broader market indices.