Why is Emerald Leisures falling/rising?

As of 27-Jun, Emerald Leisures Ltd is currently priced at 212.25, reflecting an increase of 4.15 or 1.99%. The stock has shown a strong performance today, having outperformed its sector by 2.61% and achieving consecutive gains over the last four days, with a total return of 8.21% during this period. However, despite this recent upward trend, the stock has a negative book value and has underperformed over the past year with a return of -10.46%. Additionally, the increase in pledged promoter shares to 24.01% and the company's high debt levels, indicated by a debt-to-equity ratio of 0, contribute to concerns about its long-term fundamental strength.
In the broader market context, Emerald Leisures has outperformed the Sensex in the short term, with a weekly return of 6.12% compared to the benchmark's 2.00%. However, the stock's year-to-date performance is concerning, as it has declined by 7.56% while the Sensex has risen by 7.58%. This disparity highlights the stock's ongoing struggles despite recent gains, suggesting that while short-term movements may be positive, the long-term outlook remains weak due to poor sales growth and high debt levels.