Why is Kridhan Infra falling/rising?

As of 11-Jun, Kridhan Infra Ltd's stock price is currently at 4.96, reflecting an increase of 0.23 or 4.86%. The stock has shown strong performance recently, outperforming its sector by 4.78% today and achieving a consecutive gain over the last two days with a total return of 9.01%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive technical trend. The stock has generated a return of 30.18% over the past year, significantly higher than the market's average return of 5.98%. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, which could pose risks to its valuation.
In the broader market context, Kridhan Infra's short-term return of 6.21% over the past week outpaces the Sensex's return of 1.87%, showcasing its strong performance relative to the benchmark. Despite this, the stock's year-to-date performance remains negative at -14.34%, contrasting with the Sensex's positive return of 5.60%. The recent bullish trend in the stock, supported by rising investor participation and improved technical indicators, suggests a favorable sentiment among investors, even as concerns about its long-term profitability and negative book value linger.