Why is Viji Finance falling/rising?

As of 16-Jul, Viji Finance Ltd's stock price is currently at 2.58, reflecting an increase of 0.07 or 2.79%. The stock has shown strong performance recently, gaining 11.21% over the last two days and outperforming its sector by 3.02% today. Additionally, the stock has experienced a significant rise in investor participation, with delivery volume increasing by 178.12% compared to the five-day average. Despite these positive short-term movements, the company has a weak long-term fundamental strength, indicated by an average Return on Equity (ROE) of 2.53% and a high Price to Book Value ratio of 3, suggesting that the stock may be overvalued relative to its peers.
In the broader market context, Viji Finance's short-term return of +10.73% over the past week contrasts sharply with the Sensex, which has declined by 1.08% during the same period. However, the stock's year-to-date performance remains concerning, with a decline of 20.37%, while the Sensex has gained 5.75%. This underperformance over the long term, combined with a recent negative return of -10.73% over the past year, indicates that while the stock may be experiencing a temporary rise, it still faces significant challenges in maintaining sustainable growth compared to the broader market.