Why is Indiabulls Enter falling/rising?

As of 11-Aug, Indiabulls Enterprises Ltd is experiencing a price increase, currently at 18.48, reflecting a change of 0.88 or 5.0% upward. The stock has shown strong performance recently, outperforming its sector by 3.75% today and achieving a consecutive gain over the last four days with a total return of 14.57%. In the past week, the stock has risen by 12.75%, while the broader Sensex has declined by 0.51%. Despite a negative book value and a high Debt to EBITDA ratio, which indicate weak long-term fundamentals, the stock has managed to generate a remarkable 66.79% return over the past year, significantly outperforming the BSE500's negative return of -1.85%.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has gained substantially in the short term while the Sensex has faced declines. The rising investor participation, evidenced by a 58.98% increase in delivery volume, suggests growing interest despite the company's financial challenges, including reported losses and negative net worth. This combination of strong short-term performance against a backdrop of broader market weakness highlights the stock's volatility and the risks associated with its current valuation, making it a complex investment decision for potential investors.