Why is GTT Data falling/rising?

As of 31-Jul, GTT Data Solutions Ltd's stock price is currently at Rs 69.77, reflecting an increase of Rs 3.32, or 5.0%. The stock has shown positive momentum, gaining for the last two days with a total return of 10.05% during this period. It opened with a gain of 2.18% today and reached an intraday high of Rs 69.77. Despite a recent decline of 10.55% over the past month, the stock has outperformed the BSE500 index consistently over the last three years, generating a significant return of 53.60% in the past year. However, the company faces challenges, including operating losses and a weak ability to service its debt, which may contribute to concerns about its long-term growth potential.
In the broader market context, GTT Data Solutions Ltd's short-term performance has been relatively strong compared to the benchmark, as it outperformed the Sensex by 5.6% today. While the stock has experienced a decline of 0.23% over the past week, the benchmark has fallen by 1.22% during the same period. This indicates that despite the company's operational challenges, the recent price increase may be driven by short-term investor sentiment and participation, as evidenced by rising delivery volumes. Nonetheless, the stock's long-term fundamentals remain a concern, particularly given the negative EBITDA and poor growth metrics.