Why is Indiabulls Enter falling/rising?

As of 05-Jun, Indiabulls Enterprises Ltd is experiencing a price increase, currently at 18.69, reflecting a change of 0.8 or 4.47%. The stock has shown a trend reversal, gaining after two consecutive days of decline. It has outperformed its sector by 4.05% today, and the delivery volume has risen significantly, indicating increased investor participation. Over the past month, the stock has generated a return of 20.50%, contrasting with a slight decline of 3.16% over the past week. 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 fundamental strength. Despite a strong one-year return of 59.34%, the company's recent financial performance, including a significant quarterly loss, suggests underlying risks that could affect future growth.
In the broader market context, the stock's performance over the past week has been notably weaker than the benchmark Sensex, which has only declined by 0.23%. While the stock has outperformed the market over the past month and year, the recent decrease in promoter confidence, with a 7.56% reduction in their stake, may signal concerns about the company's future prospects. The stock's current position, while technically in a mildly bullish range, is tempered by its weak fundamentals and the risks associated with its financial health, making it a complex situation for investors.