Why is Peninsula Land falling/rising?

As of 16-Jul, Peninsula Land Ltd's stock price is currently at 44.03, reflecting an increase of 3.0 or 7.31%. The stock has shown strong performance recently, gaining 9.53% over the last three days and outperforming its sector by 6.86% today. It opened with a gain of 3.8% and reached an intraday high of Rs 46, indicating positive momentum. However, despite these short-term gains, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a decline in net sales and a high debt-to-equity ratio. The stock has underperformed over the past year, with a return of -35.35%, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future prospects.
In the broader market context, Peninsula Land's recent performance contrasts sharply with the benchmark Sensex, which has seen a slight decline of 1.08% over the past week. While the stock has surged by 23.16% in the last week, the overall market has not followed suit, indicating that the stock's rise may be driven by company-specific factors rather than broader market trends. Despite the positive short-term returns, the long-term outlook remains concerning due to the company's ongoing financial struggles and negative earnings reports, which could impact investor sentiment moving forward.