Why is GTL Infra. falling/rising?

As of 25-Jun, GTL Infrastructure Ltd's stock price is currently at 1.88, reflecting an increase of 0.16 or 9.3%. The stock has shown a strong performance recently, gaining 11.24% over the last three days and outperforming its sector by 8.39% today. Over the past week, the stock has risen by 5.03%, and in the last month, it has increased by 26.17%. However, it is important to note that the company has a negative book value and high debt levels, with a debt-to-equity ratio averaging 75.32 times, indicating weak long-term fundamental strength. Additionally, the company reported a negative profit after tax of Rs -248.89 crore, which has fallen by 20.6% compared to the previous four-quarter average, contributing to the stock's risky profile.
In the broader market context, while GTL Infrastructure has outperformed the Sensex in the short term, the stock has underperformed over the past year, generating a return of -33.80% compared to the Sensex's gain of 6.02%. This underperformance highlights the challenges the company faces, particularly with 100% of promoter shares pledged, which can exert downward pressure on the stock in a declining market. Despite the recent positive momentum, the overall negative financial indicators and high debt levels suggest that the stock's rise may be limited in the face of these underlying issues.