Why is Pasupati Fincap falling/rising?

As of 18-Jul, Pasupati Fincap Ltd's stock price is currently at Rs 24.20, reflecting an increase of Rs 1.09 or 4.72%. The stock has shown strong performance recently, gaining 18.34% over the past week and outperforming its sector by 5.01% today. It has been on a consecutive gain streak for the last five days, with an intraday high of Rs 24.23. However, despite this positive short-term performance, the company faces challenges such as a negative book value and weak long-term fundamentals, with promoters decreasing their stake by 11.51%, indicating reduced confidence in the business's future.
Broader market context reveals that while the stock has significantly outperformed the broader market, generating a remarkable 417.09% return over the past year compared to the Sensex's 0.51%, it has a negative year-to-date return of 40.87%. This stark contrast highlights the stock's volatility and potential risks, especially given the negative EBITDA and declining investor participation, which may affect its sustainability in the long run. Overall, while the stock is rising in the short term, underlying issues could pose significant risks moving forward.