Why is Indiabulls Enter falling/rising?

As of 12-Jun, Indiabulls Enterprises Ltd is experiencing a price increase, currently at 19.44, reflecting a change of 0.24 or 1.25% upward. The stock has outperformed its sector by 3.7% today and has shown a consecutive gain over the last four days, accumulating a total return of 6.29% during this period. Over the past year, the stock has generated a remarkable return of 52.83%, significantly higher than the market's return of 4.18%. However, the company faces challenges, including a negative book value and a high Debt to EBITDA ratio of 6.38 times, which raises concerns about its long-term financial strength. Additionally, the promoters have reduced their stake by 7.56%, indicating a potential lack of confidence in the company's future.
In the broader market context, the stock's short-term performance has been notably strong, with a 4.01% increase over the past week, while the benchmark Sensex has only risen by 0.31% during the same period. Despite the positive short-term trends, the stock's long-term outlook is clouded by its weak fundamentals, including reported losses and negative net worth. The capital goods sector has also seen a decline of 2.44%, contrasting with Indiabulls' performance, which highlights the stock's resilience amid broader sector challenges.