Why is Gayatri Highways falling/rising?

As of 25-Jul, Gayatri Highways Ltd is experiencing a price increase, currently at Rs. 1.92, reflecting a change of 0.03 or 1.59% upward. The stock has recently hit a new 52-week high and has shown strong performance, gaining 9.09% over the last seven days. In the past month, it has outperformed the benchmark Sensex with a return of 42.22% compared to the Sensex's decline of 1.56%. 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' short-term performance has significantly outpaced the Sensex, which has seen a slight decline of 0.36% over the past week. The stock's liquidity remains adequate, although there has been a notable decrease in delivery volume, indicating falling investor participation. The company's consistent returns over the last three years contrast with its weak long-term fundamentals, including a negative EBITDA and a high debt-to-equity ratio, which may raise concerns among investors. The high percentage of pledged promoter shares could also contribute to additional downward pressure in a volatile market.