Why is Gayatri Highways falling/rising?

As of 21-Jul, Gayatri Highways Ltd's stock price is currently at Rs. 1.82, reflecting an increase of 0.01 (0.55%). The stock has recently hit a new 52-week high of Rs. 1.84 and has been on a gaining streak for the last three days, accumulating a total return of 3.41% during this period. Over the past week, the stock has outperformed the benchmark with a return of +6.43% compared to the Sensex's slight decline of -0.06%. However, despite these positive movements, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which could weigh on investor sentiment.
Broader Market Context: In the context of the broader market, Gayatri Highways has shown strong performance relative to the Sensex over various time frames, including a year-to-date return of +25.52% against the Sensex's +5.20%. This indicates that the stock is not only performing well in the short term but has also outperformed the benchmark significantly over the long term. Nevertheless, the stock's high promoter pledge ratio and negative EBITDA present risks that could affect its stability in the future, which investors should consider amidst its recent gains.