Why is Excel Realty falling/rising?

As of 31-Jul, Excel Realty N Infra Ltd is experiencing a price increase, currently at 1.19, reflecting a change of 0.01 or 0.85% upward. The stock has shown strong performance recently, with a 9.17% increase over the past week and a remarkable 33.71% rise over the past month. Today's price summary indicates that Excel Realty is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend. However, there is a notable decline in investor participation, with delivery volume falling by 55.85% against the 5-day average. Despite the company's operating losses and weak long-term fundamentals, it has reported positive results, including the highest debtors turnover ratio and net sales in the last quarter, contributing to its recent upward movement.
In the broader market context, Excel Realty's short-term performance stands in stark contrast to the benchmark, as it has outperformed the Sensex, which has declined by 1.22% over the past week. While the stock has generated a 46.91% return over the past year, the Sensex has only decreased by 0.68% during the same period. This strong relative performance highlights Excel Realty's ability to attract investor interest despite its underlying financial challenges, such as negative EBITDA and a poor EBIT to interest ratio. The stock's liquidity remains adequate for trading, further supporting its recent price increase amidst a generally challenging market environment.