Why is GMR Airports falling/rising?

As of 07-Jul, GMR Airports Ltd is currently priced at 90.05, reflecting a slight increase of 0.14 (0.16%). The stock has been on an upward trend, gaining for the last 12 days and achieving a total return of 11.86% during this period. It has outperformed its sector by 0.4% today and is trading above all its moving averages, indicating strong momentum. 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 classification as a risky investment. The company's long-term growth has been weak, with net sales and operating profit growing at rates of only 4.52% and 3.38%, respectively, over the past five years.
In the broader market context, GMR Airports has outperformed the Sensex in the short term, with a 1-week return of +5.47% compared to the benchmark's -0.20%. While the stock has shown resilience and positive momentum recently, the underlying financial issues, such as a high debt-to-equity ratio and declining profits, may pose risks to its future performance. The stock's year-to-date return of +14.58% also contrasts with the Sensex's +6.79%, highlighting its relative strength in the current market environment, despite the long-term concerns that could affect investor sentiment.