Why is P B A Infra. falling/rising?

As of 29-Jul, P B A Infrastructure Ltd's stock price is currently at 13.58, reflecting an increase of 0.15 or 1.12%. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite underperforming its sector by 0.6% today, the stock's delivery volume has risen significantly, indicating increased investor participation. Over the past month, the stock has outperformed the broader market with a return of 22.34%, while the benchmark Sensex has declined by 3.24%. However, the company faces challenges, including a negative book value, declining net sales, and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Additionally, the company has reported negative results for the last three consecutive quarters, which has raised concerns among investors.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has generated a return of 11.22% over the past year while the Sensex has remained nearly flat at -0.02%. This indicates that despite the company's struggles, it has managed to outperform the market in the long term. However, the high percentage of pledged promoter shares (64.49%) adds a layer of risk, particularly in a falling market, which could exert additional downward pressure on the stock price. Overall, while there are positive indicators such as rising investor participation and short-term gains, the underlying financial weaknesses and market conditions present significant risks for P B A Infrastructure Ltd.