Why is Parsvnath Devl. falling/rising?

As of 07-Jul, Parsvnath Developers Ltd is experiencing a price increase, currently at Rs 24.46, reflecting a rise of 1.3 or 5.61%. The stock has shown strong performance recently, gaining 33.22% over the past week and outperforming its sector by 5.71% today. It has also been on a consecutive gain streak for the last five days, with an intraday high of Rs 24.97. However, despite these positive movements, the company faces significant challenges, including a high Debt to EBITDA ratio and negative net worth, which raises concerns about its long-term fundamental strength. The company has reported losses for the last four consecutive quarters, which may deter some investors despite the stock's recent gains.
In the broader market context, while Parsvnath Developers has outperformed the Sensex with a 33.22% return over the past week compared to the benchmark's slight decline of 0.20%, it is essential to note that the stock's long-term performance is overshadowed by its financial difficulties. The stock has generated an impressive 87.72% return over the past year, but this is coupled with a concerning -48.47% growth in net sales and negative EBITDA. The increased proportion of pledged promoter shares may also add pressure in a declining market, indicating potential risks despite the current upward price movement.