Why is Citadel Realty falling/rising?

As of 09-Jul, Citadel Realty & Developers Ltd is experiencing a price increase, currently trading at Rs 62.00, reflecting a rise of 1.3 (2.14%). The stock has shown a strong performance today, outperforming its sector by 3.45% and achieving a consecutive gain over the last two days, with a total return of 6.9% during this period. It reached an intraday high of Rs 63, although it also faced significant volatility, trading within a wide range of Rs 7.65. The stock is currently above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Additionally, rising promoter confidence, with a 1.74% increase in their stake, suggests strong belief in the company's future, despite the long-term fundamental weaknesses indicated by a low Return on Capital Employed (ROCE) and high Debt to EBITDA ratio.
In the broader market context, Citadel Realty's short-term return of +2.68% over the past week significantly outperformed the Sensex, which only increased by 0.15%. However, the stock has underperformed over the longer term, with a year-to-date decline of 15.06% compared to the Sensex's gain of 6.91%. While the stock has generated impressive returns of 69.63% over the past year and 300.00% over the last three years, concerns regarding its fundamental strength and flat results in recent quarters may temper investor enthusiasm. Overall, the combination of recent positive price movements, increased investor participation, and promoter confidence contributes to the stock's current upward trajectory, despite underlying financial challenges.