Why is Narendra Prop. falling/rising?

As of 01-Aug, Narendra Properties Ltd is experiencing a price increase, currently at Rs 43.90, reflecting a rise of Rs 2.12 or 5.07%. The stock has shown strong performance today, outperforming its sector by 6.64% and gaining 11.14% over the last two days. It opened with a significant gap up of 7.95% and reached an intraday high of Rs 45.1. Despite this positive movement, the stock has also shown high volatility with an intraday range of Rs 5.08. The company reported positive results for the last six months, with net sales growing by 84.48% and achieving its highest quarterly profit after tax at Rs 0.77 crore. However, the company faces challenges with operating losses and a weak ability to service its debt, which could impact long-term investor confidence.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has declined by 1.06% over the past week. Over the last month, while Narendra Properties Ltd has gained 8.37%, the Sensex has fallen by 3.70%. This divergence indicates that investor sentiment towards Narendra Properties is relatively strong compared to the overall market. However, the stock's long-term fundamentals are concerning, as it has generated a negative return of -9.69% over the past year, alongside a significant drop in profits by 59%. This combination of short-term gains and long-term risks creates a complex picture for potential investors.