Why is Blu.Coast Hotel. falling/rising?

As of 23-Jul, Blue Coast Hotels Ltd is experiencing a price increase, currently at Rs 39.59, reflecting a rise of Rs 1.88 or 4.99%. The stock has shown remarkable performance, gaining 35.4% over the last 11 days and outperforming its sector by 4.9% today. It opened with a gain of 4.96% and reached an intraday high of Rs 39.59. Over the past year, the stock has generated an impressive return of 391.19%, significantly outperforming the BSE500 index in both the short and long term. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, which could pose risks to its valuation despite the recent price increase.
In the broader market context, Blue Coast Hotels Ltd has outperformed the Sensex, which only saw a 0.11% increase over the past week, while the stock itself rose by 20.37% in the same period. This substantial outperformance highlights investor confidence in the stock, despite concerns regarding its ability to service debt and negative EBITDA. The stock's high volatility today, with an intraday volatility of 5.15%, indicates a dynamic trading environment, but the falling delivery volume suggests a potential decrease in investor participation. Overall, while the stock is currently rising, its underlying financial challenges may warrant caution moving forward.