Why is Emerald Leisures falling/rising?

As of 02-Jul, Emerald Leisures Ltd is experiencing a price increase, currently valued at 225.15, reflecting a rise of 4.4 or 1.99%. The stock has shown strong performance recently, gaining 14.78% over the last seven days and outperforming its sector by 1.22% today. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. However, there are concerns regarding the company's fundamentals, as it has a negative book value and high debt levels, with pledged promoter shares increasing to 24.01%. This combination of rising stock price and underlying financial risks contributes to a complex outlook for investors.
In the broader market context, Emerald Leisures has outperformed the Sensex in the short term, with a 10.34% return over the past week compared to the benchmark's 0.79%. Despite this short-term outperformance, the company has struggled year-to-date, with a decline of 1.94% against the Sensex's gain of 6.75%. The stock's long-term fundamentals remain weak, as indicated by low growth rates in net sales and operating profit, alongside a debt-to-equity ratio that raises concerns about its financial stability. Thus, while the stock is currently rising, its long-term prospects are clouded by significant risks.