Why is Peninsula Land falling/rising?

As of 10-Jul, Peninsula Land Ltd's stock price is currently at Rs 43.39, reflecting a significant increase of 7.64 (21.37%). The stock has shown strong performance today, outperforming its sector by 20.9% and achieving a consecutive gain over the last two days with a total return of 28.68%. It reached an intraday high of Rs 43.39 and has been trading above its moving averages across various time frames. Additionally, there has been a notable rise in investor participation, with delivery volume increasing by 132.17% compared to the 5-day average. However, despite this positive short-term movement, the company faces significant challenges, including operating losses, a high debt-to-equity ratio, and a history of negative financial results, which could undermine long-term investor confidence.
In the broader market context, Peninsula Land's recent performance contrasts sharply with the benchmark, as it has gained 37.14% over the past week while the Sensex has remained nearly flat at -0.06%. Over the past month, the stock has outperformed the benchmark with a return of 52.30% compared to the Sensex's 0.97%. Despite these short-term gains, the stock has underperformed over the past year, with a decline of 37.13% against the Sensex's 4.09% increase. This disparity highlights the volatility and potential risks associated with investing in Peninsula Land, as the stock's recent rise may not be sustainable given its underlying financial weaknesses and lack of support from domestic mutual funds.