Why is Parsvnath Devl. falling/rising?

As of 13-Aug, Parsvnath Developers Ltd is experiencing a price increase, currently at Rs. 15.10, reflecting a change of 0.6 or 4.14% upward. Despite this recent uptick, the stock has faced significant challenges, including hitting a new 52-week low of Rs. 14 earlier in the day. The stock has outperformed its sector by 4.08% today, indicating a potential trend reversal after four consecutive days of decline. However, it is trading below all key moving averages, and investor participation has decreased significantly, with delivery volume dropping by 43.48% compared to the five-day average. Over the past week, the stock has declined by 8.04%, and its year-to-date performance shows a substantial drop of 34.58%, contrasting sharply with the Sensex, which has gained 3.07% during the same period.
In the broader market context, while the Sensex has remained relatively stable with a minimal change of -0.01% over the past week, Parsvnath Developers Ltd's performance has been markedly worse, highlighting its struggles. The company has not declared results in the last six months, has reported losses for four consecutive quarters, and has a high debt-to-EBITDA ratio, raising concerns about its financial health. The stock's negative EBITDA and the high percentage of pledged promoter shares further contribute to its risk profile, leading to a perception of weakness among investors. Overall, while there is a slight recovery in the stock price today, the underlying fundamentals suggest a challenging environment for Parsvnath Developers Ltd.