Why is P.M. Telelinnks falling/rising?

As of 31-Jul, P.M. Telelinnks Ltd's stock price is rising, currently at Rs. 7.24, reflecting an increase of 0.34 or 4.93%. The stock has recently hit a new 52-week high and has outperformed its sector by 5.23%. It has been on a consecutive gain streak for the last three days, accumulating a total return of 11.04% during this period. Over the past month, the stock has shown a remarkable return of 18.69%, significantly outperforming the Sensex, which has declined by 3.00%. However, despite these positive movements, the company faces challenges such as operating losses and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.20 and a low Return on Equity of 5.28%.
In the broader market context, while P.M. Telelinnks has generated a return of 37.90% over the past year, the BSE500 index has experienced negative returns of -3.20%, highlighting the stock's strong performance relative to the market. Despite this, the stock's valuation remains a concern as it trades at a premium compared to its peers, with a Price to Book Value of 0.8. Additionally, the company has seen a decline in investor participation, with delivery volume falling by 27.89% against the 5-day average, which could indicate waning interest despite the recent price gains.