Why is Anna Infrastruct falling/rising?

As of 04-Jul, Anna Infrastructures Ltd's stock price is currently at Rs 33.10, reflecting an increase of Rs 1.33 or 4.19%. The stock has shown a trend reversal, gaining after three consecutive days of decline, and opened with a significant gap up of 4.97% today. It reached an intraday high of Rs 33.35. Despite this positive movement, there has been a notable decrease in investor participation, with delivery volume falling by 67.44% compared to the five-day average. Over the past month, the stock has performed well, gaining 18.21%, while it has consistently outperformed the BSE500 over the last three years, generating a return of 10.44% in the past year. However, the company faces challenges, including weak long-term fundamental strength indicated by a low return on equity of 3.16% and declining profits over the past year.
In the broader market context, Anna Infrastructures Ltd's recent performance contrasts with the benchmark Sensex, which has seen a decline of 0.74% over the past week. While the stock has outperformed the sector today by 3.43%, the overall market sentiment may still be cautious due to the company's weak long-term growth metrics and a poor EBIT to interest ratio. Despite the positive quarterly results reported in March, which included the highest PBDIT and PAT figures, the stock's valuation remains high relative to its peers, suggesting that while short-term movements are favorable, long-term investor confidence may be tempered by underlying financial weaknesses.