Why is Chennai Meena falling/rising?

As of 04-Sep, Chennai Meenakshi Multispeciality Hospital Ltd is experiencing a price increase, currently at 39.91, reflecting a rise of 0.83 or 2.12%. The stock has shown strong performance in the near term, with a 5.72% increase over the past week and a notable 23.71% rise over the past month, significantly outperforming the Sensex, which has only increased by 0.80% during the same week. Additionally, the stock is trading above all its moving averages, indicating positive momentum. However, it faces challenges due to a negative book value and a high debt-to-equity ratio, which contribute to its classification as a risky investment despite its recent price gains.
Broader Market Context: The stock's recent performance contrasts sharply with the broader market, as it has outperformed the Sensex in both the short and medium term. While the Sensex has shown a slight decline of 0.37% over the past month, Chennai Meena's substantial gains highlight its relative strength. Despite this, the company has reported negative financial results, including a significant drop in profit, which raises concerns about its long-term sustainability. This combination of strong short-term performance against a backdrop of fundamental weaknesses creates a complex picture for investors.