Why is Phoenix Township falling/rising?

As of 03-Nov, Phoenix Township Ltd is experiencing a price increase, with its current price at Rs 173.65, reflecting a rise of 8.25 (4.99%). The stock has been on an upward trend, gaining for the last four days and achieving a total return of 16.54% during this period. It has outperformed its sector by 4.31% today and reached an intraday high of Rs 173.65. Additionally, the stock's performance over the past week shows a significant increase of 16.23%, while its year-to-date return remains negative at -38.72%. Positive factors contributing to this rise include a healthy long-term growth rate in operating profit of 45.09% and increased promoter confidence, with promoters raising their stake by 1.77% to 71.79%. However, the company faces challenges such as low management efficiency indicated by a Return on Equity (ROE) of 1.47% and a high Debt to EBITDA ratio of 25.21 times, which may temper investor enthusiasm.
In the broader market context, the stock's short-term performance is notably strong compared to the benchmark Sensex, which has declined by 0.94% over the past week. While Phoenix Township Ltd has shown resilience and growth in the short term, its year-to-date performance starkly contrasts with the Sensex's positive return of 7.47%. This divergence highlights the stock's volatility and the potential for recovery, despite underlying issues such as low profitability and high debt levels. The recent gains may reflect speculative interest or a belief in the company's long-term growth potential, even as it grapples with significant financial challenges.