Why is GMR Urban falling/rising?

As of 15-Jul, GMR Power & Urban Infra Ltd's stock price is rising, currently at 120.85, reflecting an increase of 6.9 or 6.06%. The stock has outperformed its sector by 6.28% today and has experienced consecutive gains over the last two days, rising 6.29% during this period. It has also been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past year, the stock has generated a return of 18.48%, significantly higher than the market's return of 0.37%. However, it is important to note that the company has a high debt-to-equity ratio of 15.38 times, which raises concerns about its long-term fundamental strength despite its attractive valuation and recent profit growth.
In the broader market context, GMR Urban's short-term performance has been notably strong, with a 1-week return of 2.81% compared to the Sensex's decline of 1.36%. This indicates that the stock is gaining traction even as the broader market faces challenges. The stock's liquidity remains adequate for trading, although there has been a significant drop in delivery volume, which may suggest a decrease in investor participation. The combination of high debt levels and pledged promoter shares could pose risks, particularly in a falling market, but the recent positive performance and attractive valuation metrics have contributed to the stock's upward movement.