Why is GMR Urban falling/rising?

As of 27-Jun, GMR Power & Urban Infra Ltd is experiencing a price increase, currently at Rs 114.60, which reflects a rise of Rs 6.65 or 6.16%. Today's performance indicates that the stock has outperformed its sector by 5.17%, reaching an intraday high of Rs 115.9. The stock has shown a strong one-week return of 10.03%, although it has declined by 1.04% over the past month. Despite a year-to-date decline of 5.25%, the stock has generated a notable return of 36.31% over the past year, significantly outperforming the market. The company's attractive valuation, indicated by a return on capital employed (ROCE) of 10.6 and a low enterprise value to capital employed ratio of 1.8, suggests that it is trading at a discount compared to its peers. However, the high debt levels, with a debt-equity ratio of 15.38 times, raise concerns about long-term fundamental strength.
In the broader market context, GMR Power & Urban Infra Ltd's short-term performance of 10.03% over the past week contrasts sharply with the Sensex's modest gain of 2.00% during the same period. This indicates that the stock is currently gaining traction among investors, likely driven by rising participation, as evidenced by a significant increase in delivery volume. However, the stock's long-term outlook is clouded by high debt levels and a concerning trend of pledged promoter shares, which could exert downward pressure in adverse market conditions. Overall, while the stock is currently rising, its high debt and other negative factors may pose risks for future performance.