Why is GMR Airports falling/rising?

As of 02-Jul, GMR Airports Ltd's stock price is currently at Rs 88.38, reflecting an increase of Rs 2.31 or 2.68%. The stock has shown strong performance recently, gaining 9.79% over the last nine days and outperforming its sector by 3.76% today. It has also consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite these positive short-term movements, the company faces significant challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. The company's net sales and operating profit growth rates over the last five years have been modest, and it has underperformed the broader market over the past year, generating a return of -7.72%.
In the broader market context, GMR Airports Ltd has outperformed the Sensex in the short term, with a 1-week return of 5.78% compared to the Sensex's 0.79%. However, the stock's long-term performance remains concerning, as it has lagged behind the market over the past year, while the BSE500 index has returned 3.11%. This juxtaposition highlights the stock's volatility and the risks associated with its negative book value and high debt-to-equity ratio, which may deter long-term investors despite its recent price gains.