Why is Parsvnath Devl. falling/rising?

As of 15-Jul, Parsvnath Developers Ltd is experiencing a price increase, currently at Rs 23.96, reflecting a rise of 1.1 or 4.81%. The stock has shown a trend reversal, gaining after two consecutive days of decline, and has outperformed its sector by 3.89% today. Over the past month, the stock has surged by 30.71%, significantly higher than the benchmark Sensex's increase of 1.79%. However, despite its impressive one-year return of 92.45%, the company faces challenges, including a high Debt to EBITDA ratio and negative net worth, which raise concerns about its long-term viability. The company has not declared results in the last six months, and its recent financial performance has been poor, with negative sales growth and losses reported over the past four quarters.
Broader Market Context: In the short term, Parsvnath Developers Ltd has outperformed the benchmark, with a 1-week decline of 9.28% compared to the Sensex's smaller drop of 1.36%. This indicates that while the stock has been volatile recently, it has managed to rebound today. The broader market context shows that the stock's performance has been significantly better over longer periods, such as a 30.71% increase over the past month, contrasting sharply with the benchmark's modest gains. However, the high percentage of pledged promoter shares and the company's ongoing financial struggles suggest that the stock may face downward pressure in the future, despite today's positive movement.