Why is Equitas Sma. Fin falling/rising?

As of 17-Nov, Equitas Small Finance Bank Ltd is experiencing a price increase, currently at Rs 64.71, reflecting a rise of 4.64 or 7.72%. The stock has shown strong performance recently, gaining 11.57% over the last three days and outperforming its sector by 6.91% today. It has also outperformed the benchmark Sensex with a weekly return of 8.74% compared to the Sensex's 1.69%. The stock is trading above its moving averages across various time frames, indicating a positive trend. However, it is important to note that the company has reported negative results for the last six consecutive quarters, which raises concerns despite its strong lending practices and high capital adequacy ratio.
Broader Market Context: In the context of the broader market, Equitas Small Finance Bank's short-term performance is significantly better than the benchmark, as evidenced by its 1-week return of 8.74% versus the Sensex's 1.69%. This strong performance may be attributed to rising investor participation, as indicated by a 70.82% increase in delivery volume. However, the stock's expensive valuation, with a Price to Book Value of 1.3, and a negative return on assets of -0.2, suggest that while the stock is currently rising, there are underlying financial challenges that could impact its sustainability in the long term.