Why is Noida Tollbridg. falling/rising?

As of 02-Jul, Noida Toll Bridge Company Ltd is experiencing a price increase, currently at 4.45, which reflects a rise of 0.21 or 4.95%. The stock has shown strong performance recently, gaining 20.6% over the last six days and outperforming its sector by 6.03% today. Despite this positive short-term movement, the stock has underperformed significantly over the longer term, with a year-to-date decline of 67.33% and a one-year drop of 65.90%. The company has reported positive results for the last four consecutive quarters, including record net sales and a high debtors turnover ratio, which may contribute to the recent uptick in stock price. However, the company faces challenges such as a negative book value and weak long-term growth, which could temper investor enthusiasm.
In the broader market context, the stock's short-term return of 18.35% over the past week significantly outpaces the Sensex's modest gain of 0.79%. However, the stark contrast in long-term performance is notable, as the stock has underperformed the market over the past year, with the BSE500 generating returns of 3.11% while Noida Toll Bridge Company Ltd has seen a decline of 65.90%. This disparity highlights the stock's volatility and the risks associated with its weak fundamentals, despite the recent positive momentum.