Why is GMR Airports falling/rising?

As of 03-Jul, GMR Airports Ltd's stock price is currently at 88.45, reflecting a slight increase of 0.07 (0.08%). The stock has shown strong performance recently, gaining 9.88% over the last 10 days and outperforming its sector by 0.31% today. In terms of returns, the stock has increased by 4.43% over the past week and 12.55% year-to-date, although it has underperformed over the last year with a decline of 8.30%. Despite these recent gains, the company faces challenges such as 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 are modest, and it has reported significant losses in its recent quarterly results.
In the broader market context, GMR Airports Ltd's short-term performance has been favorable compared to the benchmark, as it has outperformed the Sensex by 5.05% over the past week. However, the stock's one-year performance has been disappointing, with a decline of 8.30% while the broader market has seen a positive return of 4.07%. This underperformance highlights the risks associated with the stock, particularly given its high debt-to-equity ratio and negative profitability trends. Overall, while the stock has shown recent upward movement, its long-term outlook remains uncertain due to fundamental weaknesses.