Why is BGR Energy Sys. falling/rising?

As of 09-Sep, BGR Energy Systems Ltd is experiencing a rise in its stock price, currently at 225.90, reflecting an increase of 5.8 or 2.64%. The stock has been on an upward trend, gaining for the last eight days and achieving a remarkable 37.72% return during this period. It reached a new 52-week high of Rs. 231.1 today, outperforming its sector by 2.61%. Despite this positive momentum, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio of 2.53 times, which raises concerns about its long-term fundamental strength. Additionally, the company has reported negative results for the last four consecutive quarters, with a substantial decline in net sales and profitability, which could weigh on investor sentiment.
In the broader market context, BGR Energy Systems has outperformed the Sensex significantly, with a 1-week return of 19.11% compared to the benchmark's 1.18%, and a year-to-date return of 122.04% against the Sensex's 3.79%. This strong performance in the short term contrasts with the company's underlying financial difficulties, such as a 19.74% drop in earnings per share and a concerning trend of declining profits despite the stock's impressive price increase. The high percentage of pledged promoter shares (58.82%) also poses a risk, particularly in volatile market conditions, which could lead to further downward pressure on the stock if investor confidence wanes.