Why is Peninsula Land falling/rising?

As of 15-Jul, Peninsula Land Ltd's stock price is currently at 41.03, reflecting an increase of 0.75 or 1.86%. The stock has shown strong short-term performance, with a 21.68% increase over the past week and a 35.77% rise over the last month, significantly outperforming the Sensex, which has declined by 1.36% and increased by only 1.79% respectively in the same periods. However, despite this recent upward trend, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a -11.75% annual growth rate in net sales over the last five years and a high debt-to-equity ratio. The stock has also reported negative earnings per share (EPS) growth of -731.57% and has declared negative results for the last five consecutive quarters, indicating underlying financial instability.
Broader Market Context: In the context of the broader market, Peninsula Land's recent gains come amidst a backdrop of overall underperformance, as the stock has generated a return of -39.88% over the past year, while the market (BSE500) has seen a slight gain of 0.37%. This stark contrast highlights the stock's volatility and the challenges it faces in regaining investor confidence, particularly as domestic mutual funds hold no stake in the company, suggesting a lack of comfort with its current valuation. Despite the stock's recent price increase, the significant operational and financial hurdles it faces may limit its ability to sustain this upward momentum in the long term.