Why is Indiabulls Enter falling/rising?

As of 29-Jul, Indiabulls Enterprises Ltd is experiencing a price increase, currently at 17.52, reflecting a change of 0.89 or 5.35% upward. Today's price summary indicates that the stock has outperformed its sector by 3.63% and has shown a trend reversal after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite the recent uptick, the stock has faced significant 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. The company has reported losses and has a negative net worth, indicating that it may need to raise fresh capital or achieve profitability to sustain its operations.
In the broader market context, the stock's short-term performance has been less favorable compared to the benchmark, with a 1-week return of -1.57% against the Sensex's -1.03%. Over the past month, Indiabulls Enterprises has seen a decline of 20.29%, while the Sensex has only dropped by 3.24%. Despite the stock's impressive 77.51% return over the past year, it is important to note that the overall market, represented by the BSE500, has generated negative returns of -2.26% during the same period. This contrast highlights the stock's ability to outperform in the long term, but the current financial instability and negative earnings reports suggest caution for potential investors.