Why is Kridhan Infra falling/rising?

As of 23-Jun, Kridhan Infra Ltd's stock price is currently at 4.99, reflecting an increase of 0.23 or 4.83%. The stock has shown strong performance recently, outperforming its sector by 4.46% today and achieving a consecutive gain over the last two days with a total return of 10.15%. Additionally, the stock has generated a return of 19.38% over the past year, significantly higher than the broader market's return of 2.78%. However, it is important to note that the company has a negative book value and weak long-term fundamental strength, which raises concerns about its profitability and risk profile despite recent gains.
In the broader market context, Kridhan Infra's short-term performance has been notably strong, with a 3.10% increase over the past week compared to a mere 0.12% rise in the Sensex. This indicates that the stock is currently gaining traction relative to the market. However, the company's declining investor participation, as evidenced by an 83.96% drop in delivery volume, suggests a potential lack of confidence among investors. While the stock's recent performance is encouraging, the underlying risks associated with its negative book value and low profitability per unit of shareholders' funds may temper future growth prospects.