Why is GMR Airports falling/rising?

As of 24-Jul, GMR Airports Ltd's stock price is currently at 91.84, reflecting an increase of 0.49 (0.54%). The stock has shown a trend reversal by gaining after four consecutive days of decline. It has outperformed its sector by 0.82% today, with a notable rise in delivery volume, which increased by 16.82% compared to the five-day average. Over the past month, the stock has risen by 10.40%, while it has a year-to-date return of 16.86%. However, the company faces challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Despite these issues, the increase in institutional holdings by 0.97% over the previous quarter suggests some confidence from larger investors.
In the broader market context, GMR Airports Ltd's recent performance contrasts with the benchmark Sensex, which has seen a minimal decline of 0.09% over the past week. While the stock has outperformed the benchmark in the short term, its long-term performance remains concerning, with a year-over-year return of -3.67% compared to the Sensex's gain of 2.54%. This divergence indicates that while the stock may be experiencing a short-term recovery, its underlying fundamentals and long-term growth prospects remain a significant risk for investors.