Why is Parsvnath Devl. falling/rising?

As of 23-Sep, Parsvnath Developers Ltd is experiencing a price increase, with its current price at 14.77, reflecting a change of 0.15 or 1.03% upward. Today's performance indicates that the stock has outperformed its sector by 1.95%. However, it is important to note that while the stock is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a decline in investor participation, as evidenced by a drop in delivery volume by 1.72% against the 5-day average. The company is facing significant challenges, including a negative book value, a high debt-to-EBITDA ratio of 23.40 times, and negative results over the last four consecutive quarters, which collectively suggest weak long-term fundamental strength and low profitability.
Broader market context is not available for comparison against benchmark returns. However, it is noteworthy that the stock has generated a return of -12.14% over the past year, despite a rise in profits by 28.8%. The presence of 31.77% of promoter shares being pledged adds a layer of risk, particularly in a declining market, which could exert additional downward pressure on the stock price. Overall, while the stock is currently rising, the underlying financial weaknesses and market conditions present a complex picture for investors.