Why is Parsvnath Devl. falling/rising?

As of 03-Jul, Parsvnath Developers Ltd is experiencing a price increase, currently at 19.61, with a change of 0.38 (1.98%) upwards. The stock has shown strong performance recently, gaining 6.81% over the last three days and outperforming its sector by 2.33%. Over the past year, it has generated a return of 48.11%, significantly higher than the market's (BSE500) return of 2.20%. However, the company faces challenges, including a high Debt to EBITDA ratio of 23.40 times, negative net worth, and consecutive losses over the last four quarters, which could undermine investor confidence despite the recent price rise.
In the broader market context, Parsvnath Developers Ltd has outperformed the benchmark index, with a 1-week return of +1.50% compared to the Sensex's -0.62%. While the stock has shown positive short-term momentum, the long-term fundamentals are weak, as indicated by the company's inability to declare results in the last six months and a negative EBITDA. The increasing proportion of pledged promoter shares, now at 31.77%, adds to the risk, especially in a declining market. Thus, while the stock is currently rising, its long-term outlook remains uncertain due to these underlying issues.