Why is Emerald Leisures falling/rising?

As of 30-Jun, Emerald Leisures Ltd is currently priced at 216.45, reflecting an increase of 4.2 (1.98%). The stock has been on a positive trajectory, gaining 10.35% over the past week, although it has underperformed its sector by 0.41% today. Despite this recent uptick, the company has a negative book value and weak long-term fundamental strength, with net sales growing at a mere annual rate of 2.56% over the last five years. Additionally, the increase in pledged promoter shares to 24.01% raises concerns about the company's stability. The stock's performance over the past year has been disappointing, generating a return of -6.86%, which is significantly lower than the market average.
In the broader market context, while the Sensex has shown a return of 2.09% over the past week, Emerald Leisures' short-term performance has outpaced this benchmark. However, the company's high debt levels and flat results in recent quarters contribute to its risky profile. The stock's liquidity appears adequate for trading, but the substantial drop in delivery volume indicates a potential decline in investor interest. Overall, while the stock is experiencing a short-term rise, the underlying financial challenges and market performance suggest caution for long-term investors.