Why is Peninsula Land falling/rising?

As of 30-Jun, Peninsula Land Ltd's stock price is currently at 30.80, reflecting an increase of 0.8 or 2.67%. The stock has shown a strong performance recently, outperforming its sector by 2.91% today and achieving a consecutive gain over the last three days with a total return of 9.03%. In the past week, the stock has risen by 10.43%, while its one-month return stands at 3.81%. However, despite these short-term gains, the company faces significant long-term challenges, including operating losses and a high debt-to-equity ratio of 6.23 times. The stock has underperformed over the past year with a decline of 56.39%, and its negative earnings per share and poor net sales growth further highlight its weak fundamental strength.
Broader market context indicates that while Peninsula Land has outperformed the Sensex in the short term, the stock's long-term performance remains concerning. The Sensex has generated a return of 7.00% year-to-date, contrasting sharply with Peninsula Land's decline of 27.36% in the same period. The stock's liquidity appears adequate for trading, but the lack of domestic mutual fund investment suggests a lack of confidence in the company's future prospects. Overall, while the recent price increase may attract some investor interest, the underlying financial issues and poor long-term growth prospects continue to cast a shadow over the stock's potential for sustained recovery.