Why is Indiabulls Enter falling/rising?

As of 20-Jun, Indiabulls Enterprises Ltd's stock price is currently at Rs 25.52, reflecting an increase of Rs 1.52 or 6.33%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 22.28% during this period. It is also close to its 52-week high, just 2.27% away from Rs 26.1. The stock has significantly outperformed its sector by 5.51% today and has shown impressive returns over various periods, including a 101.58% increase over the past year. However, the company faces challenges, including a negative book value and a high Debt to EBITDA ratio, which raises concerns about its long-term fundamental 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, Indiabulls Enterprises Ltd has outperformed the benchmark Sensex, which has only increased by 1.59% over the past week and 5.46% year-to-date, compared to the stock's returns of 18.31% and 32.85%, respectively. This strong performance relative to the benchmark highlights the stock's appeal despite its underlying financial issues. While the stock's recent gains may attract investor interest, the negative factors, such as the company's losses and decreasing promoter confidence, could pose risks moving forward.