Why is Parsvnath Devl. falling/rising?

As of 08-Jul, Parsvnath Developers Ltd's stock price is rising, currently at Rs 26.41, reflecting an increase of Rs 1.95 or 7.97%. The stock has recently hit a new 52-week high of Rs 27.33 and has outperformed its sector by 6.86%. Over the past week, it has gained an impressive 40.78%, and in the last six days alone, it has returned 43.85%. Despite this positive momentum, the company faces significant challenges, including a high Debt to EBITDA ratio of 23.40 times and negative net worth, which raises concerns about its long-term fundamental strength. Additionally, the company has reported losses for the last four consecutive quarters, with net sales declining by 48.47%, which could impact investor sentiment.
In the broader market context, Parsvnath Developers Ltd's recent performance stands in stark contrast to the benchmark Sensex, which has only increased by 0.02% over the past week. While the stock has shown remarkable returns of 103.47% over the last year, it is important to note that its profits have decreased by 18.2% during the same period, indicating a risky investment profile. Furthermore, the increase in pledged promoter shares, which now stands at 31.77%, could exert additional downward pressure in a falling market. Overall, while the stock is currently rising, its underlying financial issues and market conditions present a complex picture for potential investors.