Why is P B A Infra. falling/rising?

As of 24-Jul, P B A Infrastructure Ltd's stock price is currently at 14.35, reflecting an increase of 0.27 or 1.92%. The stock has shown a positive trend today, outperforming its sector by 2.2% and reversing a decline after two consecutive days of falling prices. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish sentiment. Over the past week, the stock has gained 6.61%, and in the last month, it has risen by 21.61%, significantly outperforming the Sensex, which has seen a slight decline of 0.09% during the same period. However, the company faces challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by declining net sales and operating profit over the past five years. Additionally, the company has reported negative results for the last three consecutive quarters, which may temper investor enthusiasm despite the recent price increase.
Broader market context shows that while P B A Infrastructure has performed well in the short term, with a 1-year return of 18.60% compared to the BSE500's return of only 0.99%, it still faces significant risks. The stock's high debt levels and the fact that 64.49% of promoter shares are pledged could exert downward pressure in a volatile market. Despite the recent gains, the company's financial health is concerning, with profits having fallen dramatically over the past year, which could lead to increased caution among investors. Thus, while the stock is currently rising, the underlying fundamentals suggest potential vulnerabilities that could impact its future performance.