Why is P.M. Telelinnks falling/rising?

As of 29-Jul, P.M. Telelinnks Ltd's stock price is currently at 6.84, reflecting an increase of 0.32 or 4.91%. The stock has shown a trend reversal, gaining after four consecutive days of decline. It has outperformed its sector by 4.23% today, with a delivery volume that has risen by 2.9% compared to the five-day average. Over the past month, the stock has delivered a strong return of 20.21%, significantly outperforming the Sensex, which has declined by 3.24%. However, despite the recent positive movement, the company faces challenges, including operating losses and weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio and low Return on Equity.
In the broader market context, while P.M. Telelinnks has generated a return of 29.30% over the past year, the benchmark BSE500 has experienced negative returns of -2.26%. This indicates that the stock has been able to outperform the market significantly despite its underlying financial weaknesses. The stock's current price is trading at a premium compared to its peers, which may raise concerns among investors about its valuation, especially given the company's declining profits over the past year. Overall, the stock's recent rise can be attributed to short-term trading dynamics and investor participation, even as it grapples with fundamental challenges.