Why is Parsvnath Devl. falling/rising?

As of 17-Sep, Parsvnath Developers Ltd is currently priced at 13.92, reflecting an increase of 0.66 or 4.98%. The stock has shown a positive trend recently, gaining 6.1% over the last two days and outperforming its sector by 4.46%. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a potential weakness in momentum. Despite this recent uptick, the company has faced significant challenges, including a negative book value and a high debt-to-EBITDA ratio of 23.40 times, which raises concerns about its long-term financial health. Additionally, the company has reported negative results for the last four consecutive quarters, with net sales declining by 66.9% and a net profit loss of 1,590.72 million INR, contributing to a perception of risk among investors.
In the broader market context, while the stock has gained in the short term, it has underperformed significantly over the past year, with a return of -21.09% compared to the BSE500 benchmark, which has seen a decline of only -2.63%. This stark contrast highlights the stock's struggles relative to the market. The recent increase in price may be attributed to short-term trading activity rather than a fundamental improvement in the company's financial situation, especially given the falling investor participation and the high percentage of pledged promoter shares, which could exert additional downward pressure in a volatile market.