Why is GMR Airports falling/rising?

As of 16-Sep, GMR Airports Ltd is experiencing a price increase, with its current price at Rs 92.85, reflecting a rise of Rs 3.64 or 4.08%. The stock has shown strong performance today, outperforming its sector by 2.3%, and has been on a consecutive gain streak for the last seven days, accumulating a total return of 7.8% during this period. Additionally, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating positive momentum. Positive financial results, including a significant growth in net sales and high institutional holdings, have contributed to the stock's upward movement. However, the company also faces challenges, such as a negative book value and high debt levels, which could pose risks to its long-term performance.
In the broader market context, GMR Airports Ltd has outperformed the Sensex over the past week, with a return of 6.92% compared to the benchmark's 1.58%. This indicates that the stock is gaining traction relative to the overall market. Despite its recent gains, the stock has a negative return of 4.41% over the past year, suggesting that while it is currently rising, there are underlying concerns regarding its long-term growth potential and financial stability. The combination of strong short-term performance and significant institutional interest may be driving the current price increase, but the company's high debt and negative book value remain critical factors to monitor.