Why is DMR Hydroengg. falling/rising?

As of 18-Sep, DMR Hydroengineering & Infrastructures Ltd is experiencing a price increase, currently at Rs 54.68, reflecting a rise of 2.6 or 4.99%. The stock has shown strong performance recently, gaining 10.24% over the last two days and outperforming its sector by 4.59% today. It opened with a significant gain of 4.93% and reached an intraday high of Rs 54.68. Over the past week, the stock has surged by 12.28%, and it has delivered an impressive 154.25% return over the last month. Despite these positive movements, concerns remain regarding the company's long-term fundamental strength, as it has not declared results in the last six months, and its ability to service debt is weak, indicated by a poor EBIT to Interest ratio of 1.28.
In the broader market context, DMR Hydroengineering has significantly outperformed the Sensex, which has only increased by 1.80% over the past week. The stock's year-to-date return of 128.59% also contrasts sharply with the Sensex's 6.24% increase. However, while the stock has shown remarkable short-term gains, the company's flat results in March 2024 and a high Price to Book Value ratio of 4.7 suggest that the valuation may be expensive relative to its returns, which could impact investor sentiment moving forward.