Why is Gayatri Highways falling/rising?

As of 22-Jul, Gayatri Highways Ltd is currently priced at Rs 1.83, reflecting a rise of 0.01 (0.55%). The stock has been gaining momentum, having outperformed its sector by 1.2% today and achieving a consecutive gain over the last four days, with a total return of 3.98% during this period. Additionally, the stock has shown strong performance over various time frames, including a 29.79% increase over the past month and a remarkable 173.13% rise over the last three years. However, despite these positive returns, 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 indicates that while Gayatri Highways has performed well, the benchmark Sensex has seen a decline of 0.47% over the past week, suggesting that the stock's rise is somewhat independent of broader market trends. The stock's liquidity remains adequate, but a significant drop in delivery volume by 44.65% against the five-day average raises concerns about investor participation. Overall, while the stock's recent performance is strong, the underlying financial weaknesses and high promoter share pledges could create volatility, making it a risky investment in the current market environment.