Why is Gayatri Highways falling/rising?

As of 03-Jul, Gayatri Highways Ltd's stock price is currently at 1.30, reflecting an increase of 0.02 or 1.56%. Today's performance indicates that the stock has outperformed its sector by 1.79%. However, despite this short-term gain, the stock has shown a negative trend over the past week, with a decline of 2.26%. The stock is trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 42.03% compared to the 5-day average. The company faces serious challenges, including a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its weak fundamental strength and make it a strong sell.
In the broader market context, Gayatri Highways has underperformed compared to the benchmark, with a year-to-date return of -10.34% against the Sensex's gain of 6.53%. Although the stock has shown a positive return of 4.00% over the past month, it still lags behind the benchmark's 3.10% increase. The company's high debt-to-equity ratio and the fact that 90.89% of promoter shares are pledged add to the risk profile, especially in a falling market. Overall, while there are short-term gains, the long-term outlook remains bleak, contributing to the stock's volatility and potential for further declines.