Why is GMR Urban falling/rising?

As of 25-Jun, GMR Power & Urban Infra Ltd's stock price is rising, currently at Rs 108.40, reflecting an increase of Rs 3.85 or 3.68%. Today's performance indicates that the stock has outperformed its sector by 2.58%, reaching an intraday high of Rs 109.05, which is a 4.3% increase. Although the stock has shown a decline of 8.60% over the past month and a year-to-date drop of 10.38%, it has delivered a strong return of 19.58% over the past year, significantly outperforming the market's return of 3.43%. The stock's attractive valuation, indicated by a return on capital employed (ROCE) of 10.6 and a low enterprise value to capital employed ratio of 1.7, suggests it is trading at a discount compared to its peers. However, the company faces challenges due to high debt levels, with a debt-equity ratio of 15.38 times, which raises concerns about its long-term fundamental strength.
In the broader market context, GMR Power & Urban Infra Ltd's short-term performance has been favorable, with a 2.46% increase over the past week compared to the Sensex's 1.61% rise. Despite the positive short-term movement, the stock's long-term outlook is clouded by its high debt levels and poor growth metrics, such as a significant drop in profit after tax in the most recent quarter. Additionally, the increasing proportion of pledged promoter shares, which now stands at 75.36%, could exert downward pressure on the stock in a falling market. Overall, while the stock is currently experiencing a rise, its long-term viability remains uncertain due to these underlying financial challenges.