Why is Gayatri Highways falling/rising?

As of 24-Jul, Gayatri Highways Ltd's stock price is currently at Rs. 1.89, reflecting an increase of 0.03 or 1.61%. The stock has reached a new 52-week high today and has been on a positive trajectory, gaining for the last six consecutive days with a total return of 7.39% during this period. Over the past week, the stock has outperformed the sector by 1.89%. Notably, it has generated a remarkable 37.96% return over the last month, significantly surpassing the Sensex's modest gain of 0.16%. 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.
In the broader market context, Gayatri Highways' recent performance stands in stark contrast to the Sensex, which has seen a slight decline of 0.09% over the past week. While the stock has shown strong returns over various time frames, including a 30.34% increase year-to-date, the overall market conditions and the company's high debt-to-equity ratio, along with a significant percentage of promoter shares being pledged, introduce risks that could affect future performance. The decline in investor participation, as indicated by a 51.89% drop in delivery volume, further suggests caution among investors despite the stock's recent gains.