Why is GTL falling/rising?

As of 25-Jun, GTL Ltd's stock price is currently at 11.08, reflecting an increase of 0.79 or 7.68%. The stock has been gaining momentum, having outperformed its sector by 6.77% today and achieving an 8.73% return over the last two days. Additionally, GTL has shown strong short-term performance with a 7.99% increase over the past week and a remarkable 28.99% rise over the past month. However, despite these gains, the company faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. The significant growth in profit before tax and profit after tax in the recent quarter indicates positive short-term performance, but the overall annual returns remain negative at -13.71%.
In the broader market context, GTL's recent performance contrasts sharply with the benchmark, as the Sensex has only increased by 1.61% over the past week and 1.27% over the past month. While GTL has shown impressive short-term gains, it has underperformed the market over the last year, where the BSE 500 generated a return of 3.43%. The stock's high promoter share pledge and the negative impact of falling investor participation, evidenced by a 42.62% drop in delivery volume, suggest potential risks that could affect future performance. Thus, while GTL is currently rising, its long-term outlook remains uncertain due to fundamental weaknesses.