Why is P B A Infra. falling/rising?

As of 30-Jul, P B A Infrastructure Ltd's stock price is currently at 13.68, reflecting an increase of 0.1 (0.74%). The stock has shown a consecutive gain over the last two days, rising by 1.86%. However, it has underperformed its sector by 1.94% today. Over the past week, the stock has declined by 2.84%, but it has performed well over the last month with a return of 20.63%. Despite the recent positive movement, the company faces significant challenges, including a negative book value, a high debt-to-equity ratio, and three consecutive quarters of negative results, which have contributed to a weak long-term fundamental strength. The stock's performance is also impacted by a substantial pledge of promoter shares, which can exert downward pressure in a falling market.
Broader market context indicates that while P B A Infrastructure Ltd has generated a return of 10.06% over the past year, the broader market, represented by the BSE500, has seen negative returns of -2.34%. This suggests that the stock has been able to outperform the market despite its underlying issues. However, the stock's recent performance is still concerning given the overall negative trends in net sales and profitability, which have fallen significantly. The capital goods sector has gained by 2.59%, highlighting a mixed performance relative to the sector, which may influence investor sentiment towards P B A Infrastructure Ltd.