Why is Parsvnath Devl. falling/rising?

As of 19-Sep, Parsvnath Developers Ltd is experiencing a price increase, currently at 15.28, reflecting a change of 0.71 or 4.87% upward. The stock has shown a strong performance today, outperforming its sector by 4.57% and achieving consecutive gains over the last four days, with a total return of 16.46% during this period. However, despite this recent uptick, the company has a negative book value and a high Debt to EBITDA ratio of 23.40 times, indicating weak long-term fundamental strength. The company has reported negative results for the last four consecutive quarters, with significant declines in net sales and net profit, which may contribute to the stock's volatility despite its recent gains.
In the broader market context, Parsvnath Developers Ltd has outperformed the Sensex in the short term, with a 1-week return of +13.61% compared to the Sensex's +0.88%. However, the stock's year-to-date performance remains concerning, with a decline of -33.80% against the Sensex's +5.74%. The falling investor participation, as indicated by a decrease in delivery volume, alongside the high percentage of pledged promoter shares, suggests that the stock may face additional downward pressure in the future. Overall, while the recent price increase is notable, the underlying financial challenges and market conditions present a complex picture for investors.